COLORADO STATE TREASURY BUDGET REQUEST FISCAL YEAR … · 2016-11-01 · COLORADO STATE TREASURY FY 2017-18 Budget Request ... Bob Culwell Administrative Assistant II Ann McKee Garth

COLORADO STATE TREASURY

BUDGET REQUEST

FISCAL YEAR 2017-18

11/01/2016 Department of Treasury Page 1

COLORADO STATE TREASURY

FY 2017-18 Budget Request

TABLE OF CONTENTS

Department Description ................................................................................................................................................................................................................................... 3

MISSION AND VISION STATEMENTS ................................................................................................................................................................................................... 3 ORGANIZATIONAL CHART ................................................................................................................................................................................................................. 4 BACKGROUND INFORMATION ............................................................................................................................................................................................................ 5

Administration .............................................................................................................................................................................................................................. 5 Accounting ............................................................................................................................................................................................................................... 5 Cash Management .................................................................................................................................................................................................................... 6 Investments ............................................................................................................................................................................................................................... 7

Unclaimed Property ..................................................................................................................................................................................................................... 9 Special Purpose .......................................................................................................................................................................................................................... 12

Property Tax Deferral Program for Seniors and Active Military Personnel.......................................................................................................................... 12 Senior Citizen and Disabled Veteran Property Tax Exemption ............................................................................................................................................. 12 Property Tax Reimbursement for Property Destroyed by Nature .......................................................................................................................................... 13 Highway User Tax Funds (HUTF) ......................................................................................................................................................................................... 13

Other Programs .......................................................................................................................................................................................................................... 14 Charter School Intercept and Moral Obligation Program ....................................................................................................................................................... 14 K-12 School District Intercept Program ................................................................................................................................................................................. 15 Higher Education Intercept Program ...................................................................................................................................................................................... 15 Short-term Note Issuance ....................................................................................................................................................................................................... 15 Higher Education Lease Purchase Agreements ...................................................................................................................................................................... 16 Building Excellent Schools Today (BEST) Lease Purchase Agreements .............................................................................................................................. 16 Management of the State’s Financial Obligations .................................................................................................................................................................. 17

PRIOR YEAR LEGISLATION .............................................................................................................................................................................................................. 18 SB 16-035 .............................................................................................................................................................................................................................. 18 SB 16-204 .............................................................................................................................................................................................................................. 18

HOT ISSUES ..................................................................................................................................................................................................................................... 20 Treasurer’s Inaugural Report on Institutions of Higher Education: ....................................................................................................................................... 20 Public Employees Retirement Association (PERA): .............................................................................................................................................................. 20 Continuing the Consolidation of the State’s Financial Obligations Within the Treasurer’s Office: ...................................................................................... 20

WORKLOAD INDICATORS ................................................................................................................................................................................................................ 22 Administration ............................................................................................................................................................................................................................ 22


Unclaimed Property ................................................................................................................................................................................................................... 25

Change Requests ............................................................................................................................................................................................................................................. 28

SCHEDULE 10 – SUMMARY OF NON-PRIORITIZED CHANGE REQUESTS ............................................................................................................................................ 28 SCHEDULE 13 – OIT_SECURE COLORADO ...................................................................................................................................................................................... 29 SCHEDULE 13 – OIT_DESKSIDE ...................................................................................................................................................................................................... 30

Line Item Descriptions ................................................................................................................................................................................................................................... 31

Reconciliation Report ..................................................................................................................................................................................................................................... 40

Schedule 2 – Summary by Long Bill Group ................................................................................................................................................................................................. 41

Schedule 3 – Line Item by Year .................................................................................................................................................................................................................... 42

Schedule 14 – Position and Object Code Detail Reports ............................................................................................................................................................................. 70

Schedule 4 – Fund Source Detail by Fiscal Year ......................................................................................................................................................................................... 78

FY 2014-15 ACTUAL EXPENDITURES .............................................................................................................................................................................................. 78 FY 2015-16 ACTUAL EXPENDITURES .............................................................................................................................................................................................. 83 FY 2016-17 INITIAL APPROPRIATION .............................................................................................................................................................................................. 88 FY 2017-18 ELECTED OFFICIAL REQUEST ...................................................................................................................................................................................... 94 FY 2017-18 INCREMENTAL ADJUSTMENTS ................................................................................................................................................................................... 102

Schedule 5 – Line Item to Statute................................................................................................................................................................................................................ 107

Schedule 6- Special Bills Summary ............................................................................................................................................................................................................. 109

Schedule 7 – Supplemental Bills .................................................................................................................................................................................................................. 110

Schedule 8 – Common Policy Summary ..................................................................................................................................................................................................... 111

Responses to Requests for Information ...................................................................................................................................................................................................... 117

1) STATE INVESTMENT REPORTS AS OF 06/30/16 .......................................................................................................................................................................... 118 2) REPORT ON UNCLAIMED PROPERTY SYSTEMS ........................................................................................................................................................................... 124


Department Description

Mission and Vision Statements

MISSION STATEMENT “The Colorado State Treasury is the constitutional custodian of the public’s funds. It is the Treasury’s duty to manage and account for the citizen’s tax dollars from the time they are received until the time they are disbursed. The Treasury’s staff is committed to safeguarding and managing the people’s monies with the same diligence and care as they do their own. “The mission of the Unclaimed Property Section is to reunite all owners (or heirs) with their unclaimed or abandoned property.”

VISION STATEMENT

“The Colorado State Treasury staff will continually strive to better serve the citizens of Colorado. Central to this goal is the continued introduction and use of new technologies to provide improved access to services for both citizens and other governmental agencies.”

CHIEF INVESTMENT OFFICERMaruti More Investment Officer IIITed Frost Investment Officer IIJamila Loftis Investment Officer I

vacant

John Olson Auditor I

ADMINISTRATION DIVISION (200 E. Colfax Ave.)

vacant (.5 FTE) Administrative Assistant I

SPEC ASST TO TREASURER

vacant

Administrative Assistant I

Katarina Yuhn Administrative Assistant III

Administrative Assistant I

Linda LaChapelle-Graves Program Assistant IVictoria Rios Administrative Assistant II

Eva LaPier

vacant Administrative Assistant I

Auditor II

Kathy Canino

PROGRAM DIRECTOR

Compliance Claims

Shantelle McCune (temp)

Program Management II

Auditing

Patty White

Clyde Isenhart

Administrative Assistant IFran Eberly

Administrative Assistant II

Audit Intern

Keith Nakamura

Bob Culwell Administrative Assistant IIAnn McKee

Garth Farrend Auditor IV

FRONT OFFICE OPERATIONS

Acct Admin & Reconciliation

Andrea Boyarko

Administrator IV

Accounting Technician III

Accounting Technician II

Cindy Johnson Accountant IIIMatthew Rucobo Accountant II

Erin Gallegos

Pmts / Cashiers / HR

Administrative Assistant III

Cash Management

CHIEF FINANCIAL OFFICERACCOUNTING

Management

Administrator IVAnnie LyonsCASH MANAGER

DEPARTMENT OF TREASURY

Michael Fortney (contractor)

Monica Hughes Accountant I

Charles Scheibe

INVESTMENTS

Accounting Technician III

STATE TREASURER Walker R. Stapleton

DEPUTY TREASURER Jonathan J. Forbes

UNCLAIMED PROPERTY DIVISION (1580 Logan St.)

Reporting & AnalysisClare (Jozwiak) Heath

Debra Flotte Accountant I

Controller II

COMMUNICATIONS DIRECTOR

11/01/2016Page 4 Department of Treasury


Background Information The Treasury Department’s Budget is organized in three distinct sections: Administration, Unclaimed Property, and Special Purpose.

The State Treasurer and his staff serve the citizens of Colorado by providing banking and investment services for all funds deposited with the state treasury. As funds are deposited, they are invested in statutorily authorized investments. Simultaneously, the Treasury ensures that sufficient funds are maintained in cash accounts to meet the State’s daily cash needs. The income earned on its investments augments the State's revenues from taxes and fees and decreases the tax burden on Colorado’s citizens.

Accounting On a daily basis, the accounting section records and reconciles all the cash that flows into and out of the State’s operating account. The accounting section also manages the disbursement of flow-through funds such as the Highway User's Tax apportionment, Minerals Management funds, and miscellaneous federal funds. Within the Treasury, the accounting staff has significant additional responsibilities. These include:

Calculation and allocation of monthly investment earnings to funds eligible to earn interest Reconciliation of the database of Treasury’s investments Accounting for and distributing the payments received by the State under the Master Tobacco Settlement Agreement and

the Tobacco Tax moneys collected under Amendment 35 Preparing and managing cash flow estimates for the disclosures required for Treasury’s annual Tax and Revenue

Anticipation Notes Managing the Property Tax Deferral Program for Seniors and Active Military Personnel Calculating and disbursing payments for the Senior Citizen and Disabled Veteran Property Tax Exemption Program Issuing cash flow notes on behalf of those school districts participating in the Treasury’s interest free school loan

program, including ongoing monitoring of actual vs. projected cash flow information Administering the K-12 school district intercept program and the higher education intercept program Administering the Charter School Intercept and Moral Obligation Credit Enhancement Program

Administration


Accounting for the investment of custodial funds from state-issued Certificates of Participation and Enterprise Revenue Bonds deposited with the Treasury

The accounting section also provides cashier services for the State. The cashiers are responsible for daily tracking of all cash receipts, monitoring all the deposits made by other agencies in the State’s operating account, updating the State’s bank balances throughout the day, and initiating electronic transfers from the State to recipients of state and fiduciary funds. Finally, the Accounting section handles the department’s own administrative functions such as budgeting, personnel, payroll, accounts payable, purchasing, and records retention. Treasury does not have a dedicated IT staff member; and, therefore, has an agreement with the Governor’s Office of Information Technology to host Treasury’s server and to provide desktop support.

Cash Management Treasury’s Cash Manager manages the State’s banking service agreements. The State currently maintains agreements with four primary banks: 1) One provides lockbox services for various State agencies including Colorado Parks and Wildlife, the Department of Revenue, the Department of Labor and Employment, the Department of Health Care Policy and Financing, and the Division of Insurance; 2) Another maintains the State’s operating and payables accounts, as well as transactional accounts in remote areas of the State from which deposits are regularly swept to the main operating account; 3) A third provides custody and safekeeping services; and 4) The fourth provides debit card and direct deposit services to the State’s unemployed citizens through the Department of Labor and Employment, as well as card services for the Family Support Registry. On-going banking efforts include ensuring effective bank services and controls for State agencies, closing unused or redundant bank accounts, opening new accounts or cash management services for State agencies, and assisting with the resolution of any concerns or problems between State agencies and the banks. The credit card master services agreement with Wells Fargo which became effective October 31, 2009 continues to be very popular with governmental entities and political subdivisions of the State. Eleven municipalities and counties and twenty political subdivisions have chosen to participate under the State’s agreement. This compares to a total of eleven entities that chose to participate under the previous agreement. The Cash Manager is the State’s administrator for the Cash Management Improvement Act (CMIA) agreement with the Federal Government. The CMIA regulates the transfer of federal grant funds among federal and State agencies. CMIA regulations require State agencies to request reimbursement from federal agencies for grant disbursements following a process that minimizes bank balances, avoids negative balances, and eliminates interest earnings. Excess or deficit interest earnings, if any, are calculated each year and paid by the entity with the liability. The Cash Manager manages the CMIA on behalf of State agencies and is the primary contact for the Federal Management Service. Pursuant to federal regulations she identifies grants to be included in the agreement


(those in excess of $58.0 million) and calculates State disbursement patterns that are the basis of the reimbursement schedules. She negotiates the annual agreement and prepares the annual report of excess or deficit interest earnings. Last, the Cash Manager prepares requests-for-qualifications (RFQs) and negotiates and finalizes the contracts for professional advisors assisting in the Treasury’s annual note issuances, and for other services bid out by the Treasury in any given year.

Investments The Investment section manages several distinct investment portfolios with the primary objectives of, in order of importance, legality, safety, liquidity and yield. The Treasurer's Pooled Funds (TPOOL/TCASH) provide state agencies with the liquidity of a money market fund while normally generating a higher yield than a typical money market fund. Most state funds, including the General Fund, are held in TPOOL/TCASH. Ongoing statutory changes oblige many enterprises to remit their tax remittances to the Department of Revenue electronically. With electronic remittance, funds are processed more quickly, providing the investment officers with more accurate and timely cash balance information. This improved information allows the investment division to better invest the money on deposit with the Treasury while still maintaining sufficient liquidity to meet the state’s obligations. See the “State Investment Reports as of 06/30/16” section at the end of this request for TPOOL/TCASH’s balances and performance. The Public School Permanent Fund (PSPF) is a constitutionally mandated permanent trust. The principal of the Fund is made up of money earned from the sale or rental of lands and mineral royalties held in the school land trust and overseen by the State Land Board (public schools land income). Both the principal and interest on this Fund are exempt from the requirements of section 20 article X of the state constitution. A unique feature of this Fund is that the General Assembly must make up any capital losses the Fund may suffer from the General Fund. To minimize the likelihood of such an event, the portfolio is structured to preserve principal and, only then, to maximize income. Several changes were made to the distribution of Public School Lands Income in the 2009 legislative session. Beginning in August 2009, 50% of the gross public schools land income is credited to the Public School Capital Construction Assistance Fund created in C.R.S. 22-43.7-104 (part of the Building Excellent Schools Today or BEST Act). In addition, for a portion of FY 2008-09 and all of FY 2009-10 and FY 2010-11, all public schools land income that was not transferred to the Public School Capital Assistance Fund or used for the administration of the State Land Board plus all of the Fund’s investment earnings, were transferred to the State Public School Fund, which provides moneys for the School Finance Act. Therefore, no deposits were being made into the Permanent Fund.


In the 2011 legislative session, Senate Bill (SB) 11-230 continued this distribution through the end of FY 2012-13; however, in the 2012 legislative session, SB 12-145 capped the amount of moneys to be transferred to the State Public School Fund for FY 2011-12 only. This allowed $38.3 million to be deposited into the Permanent Fund. Then in the 2013 legislative session, SB 13-112 capped the amount of moneys to be transferred to the State Public School Fund for FY 2012-13. This bill allowed $20.8 million to be deposited into the Permanent Fund. Per SB 13-260, for FY 2013-14 and FY 2014-15, the State Public School Fund receives only the first $16 million of the Permanent Fund’s investment earnings. Beginning in FY 2015-16, per SB 15-267, the first $21 million of the Permanent Fund’s investment earnings will be transferred to the State Public School Fund. The balance of the public schools land income not transferred to the Public School Capital Assistance Fund or used for the administration of the State Land Board is deposited into the Permanent Fund. Also, HB 15-1367 changed the language in C.R.S. 39-28.8-305 so that retail marijuana excise tax collected over $40 million is transferred to the Permanent Fund. The first such transfer occurred in FY 2015-16 in the amount of $2.45 million. In FY 2013-14, a total of $84.6 million was deposited into the Permanent Fund; in FY 2014-15, $91.4 million was deposited; and in FY 2015-16, $68.5 million was deposited. See the “State Investment Reports as of 06/30/16” section at the end of this request for this Fund’s balance and performance. The Major Medical Insurance Fund (MMIF) is a special fund within the Department of Labor and Employment. The investment portfolio was originally designed to be comprised of money in excess of current needs that was to be held to meet the future medical and indemnity expenses of claimants. Investments in this Fund of approximately $205 million were liquidated and transferred to the General Fund during FY 2002-03. During FY 2008-09 there was a $69.5 million transfer to the General Fund per SB 09-208. On March 31, 2010, there was a $26.5 million transfer to the General Fund per SB 09-279. On June 30, 2011, there was a $10.0 million transfer to the General Fund per SB 11-164. During the 2009 legislative session, the structure of the MMIF was revised (see C.R.S. 8-46-102). The new design requires the Director of the Division of Workers Compensation (Division) to set a surcharge rate that enables the Division to meet the anticipated obligations of each fiscal year, as well as maintain a balance to cover one year’s claims plus expected administrative costs. $83.0 million of the MMIF is currently designated as a component of the State’s Emergency Reserve. See the “State Investment Reports as of 06/30/16” section at the end of this request for this Fund’s balance and performance. The Unclaimed Property Tourism Promotion Trust Fund (UPTPTF) was created by C.R.S. 38-13-116.7. The Fund consists of all proceeds collected through the sale of securities in the custody of the State Treasurer as the administrator of Unclaimed Property. The principal of this Fund will only be expended to pay claims and the interest earned from the deposit and investment of the moneys is credited to the Colorado State Fair Authority Cash Fund, the Agriculture Management Fund, and the Colorado Travel and Tourism Promotion Fund. $5.0 million of the UPTPTF is currently designated as a component of the State’s Emergency Reserve. See additional information regarding this Fund in the Unclaimed Property section which begins below; and see the “State Investment Reports as of 06/30/16” section at the end of this document for this Fund’s balance and performance.


For each of the portfolios it manages, the Department, in addition to constitutional and statutory guidance, has developed a written investment policy explicitly stating the appropriate goals, investment standards, level of liquidity, degree of credit risk, duration or average life, and other performance measures. The Treasurer has also established an investment advisory committee incorporating private sector investment professionals, and a representative of each of the agencies for which the Fund is managed to assist him in developing these policies. A critical aspect of the implementation of these policies and the daily functioning of the investment section is the use of an online data and analytical system (Bloomberg). The Bloomberg System assists the investment managers in identifying and analyzing specific investments for either purchase or sale. Absent access to the Bloomberg System and subscriptions to credit services and an electronic trading system, the Investment section’s capacity to meet its constitutional, statutory and policy objectives would be severely limited. The State’s Time Deposit Program makes monies available to eligible public depositories on a weekly basis. The Certificate of Deposit (CD) rates are set by Treasury, and the collateralization of the deposits is administered by the Public Deposit Protection Act section of the Division of Banking. The Treasury offers a 3-month, 6-month and 1-year CD each week. Participation in the Time Deposit Program is predominantly by community banks on the eastern plains and western slope.

Unclaimed Property

The Unclaimed Property program was established in 1987, codified at C.R.S. 38-13-101, et seq., to locate owners of dormant or abandoned property and return their property to them. The law was expanded subsequently to include all types of companies and business entities, with limited exceptions. The law also covers public institutions, including courts, municipalities, most governmental subdivisions/agencies, public corporations or authorities, non-profit entities, hospitals, utilities, estates, trusts, or any other legal or commercial entity. The Division accepts encrypted reports on its website. Currently 100 percent of non-state holders with 20 or more items report electronically (a requirement since March 2007); and the division continues to work with state agencies on reporting in this prescribed format. The Unclaimed Property Division also includes a small audit section that is charged with ensuring holder compliance with the reporting requirement. This section participates in seminars to educate citizens and businesses about the Unclaimed Property Act and the related compliance responsibilities. In FY 2015-16, the Division held or participated in ten seminars and other outreach programs throughout the state, including Denver (2), Centennial, Fort Collins, Greeley, Lakewood, Littleton, Colorado Springs, Montrose, and Vail. The seminars reached more than 360 people from industries such as auto dealers, CPA firms, law firms, banks and credit


unions, retail businesses, gas and petroleum stations (with food centers), restaurants, medical/dental clinics, school systems, hospitals, and municipal facilities. In addition to field audits where the auditors conduct onsite audits, the audit section conducts “Desk Audits”. The Desk Audit Program is designed to improve unclaimed property compliance by contacting non-compliant companies and providing them with information about the Colorado Unclaimed Property Program. Businesses are contacted by telephone, letter and questionnaire and are encouraged to review their records for potential unclaimed property. The auditors then assist the business with reporting their unclaimed property. The field audits initiated during FY 2015-16 included large, multilevel businesses that were ongoing for several months, and some medium sized, mixed product businesses, such as petroleum/food stores. Several large audits are ongoing and are not anticipated to conclude until late 2016. Collections from the completed field audits in FY 2015-16 totaled approximately $70,000. The Desk Audit Program did not focus on a particular industry, but contacted non-reporting medical practices, temporary employment agencies, convenience stores, gas and oil companies, private colleges, food distributors, hi-tech companies, apartment and homeowner association managers, restaurants, and retail and wholesale businesses. Desk audit collections in FY 2015-16 totaled approximately $400,000. A number of Desk Audits are still under review and a large and complex Field Audit is ongoing. The Audit Section performs considerable holder outreach and education to inform businesses about the Unclaimed Property Law, and how to report. Since the program’s inception the Treasury has returned more than $600 million to citizens. Colorado businesses typically identify millions of dollars worth of unclaimed property during the reporting process. In many cases these businesses contact the property holders directly and return the money directly to them rather than transferring it to the Treasury. Due to these dual efforts, more than half a million owners or their heirs have had unclaimed property returned to them since the program began. Unclaimed Property has been featured repeatedly on local and nationally-televised programs such as 60 Minutes, and Good Morning America, and various programs on the Public Broadcasting System generating hundreds of calls and claims with each occurrence and contributing to the increased number of inquiries and claims. Locally, most of the television stations, and many radio stations featured interviews with the Treasurer discussing various aspects of the Unclaimed Property Program. The Treasury ran a large ad in the Denver Post, and regional newspapers across the state, reminding Coloradans that the Treasury is holding nearly one billion dollars and that the online list contains more than three million names, and urged people to “call and check for their name”. The statewide ads generated thousands of calls and claims from people finding their names on the list. In FY 2015-16, the Unclaimed Property section returned nearly $30 million to more than 13,000 claimants. The division continues to refine the electronic service for claimants through the Statewide Internet Portal Authority. This service allows citizens to search the unclaimed property database and to directly download a claim form to complete and submit. Along with the hardcopy claims received, more than 57,000 claims were filed online in FY 2015-16, totaling over 65,000 claims being filed and processed in the Division during the year. In addition, a claimant may inquire online as to the status of his claim. The success of all these efforts is a


constant increase in citizen inquiries and claims. Inquiries to the Department increased by nearly 80%, growing from approximately 77,000 inquiries in FY 2007-08 to approximately 138,000 inquiries in FY 2008-09; and the total number of inquiries has held fairly steady since then with only the type of inquiries varying from year to year. In FY 2015-16, many inquiries were received in the Division by email. During the current fiscal year the Treasury anticipates continuing to pursue a broad approach to publicizing the unclaimed property list of names during the annual publication. These include television and radio advertising coordinated with the ads and lists in newspapers throughout the state. C.R.S. 38-13-115 requires the Treasurer to sell unclaimed securities of Colorado citizens held by a third party. In FY 2004-05, Treasury began the liquidation process and deposited money into the Trust Fund. More than $51 million from the first two sales of securities was deposited into the newly created Unclaimed Property Tourism Promotion Trust Fund in FY 2004-05. Additional funds totaling approximately $8 million were deposited into the Unclaimed Property Tourism Promotion Trust Fund in September 2005 and approximately another $5 million was deposited in September 2006. Sales were then suspended due to the turbulent fiscal conditions in the years to follow and resumed in FY 2009-10 when the sale of securities resulted in collections of nearly $39 million. In FY 2011-12, the sale was completed in September 2011; and the sales from one year of security holdings totaled $6.8 million. In September 2012, the sales of securities totaled $9.0 million; in September 2013, the sales totaled $13.9 million; and in October 2014, the sales totaled $17.0 million. In October 2015, the sales totaled $12.2 million. The Department’s Investment Section manages the Unclaimed Property Tourism Promotion Trust Fund as a separate account. Beginning in February 2009, C.R.S. 38-13-116.7 established a new distribution pattern for the interest earned on the Fund. The new allocation of the interest earned is as follows: 1) 25% to the Colorado State Fair Authority Cash Fund; 2) 65% to the Agriculture Management Fund; and 3) 10% to the Colorado Travel and Tourism Promotion Fund. In FY 2005-06, the division was able to implement the provisions of C.R.S. 38-13-117.3 – 117.7. These statutes direct the Treasury to review all approved claims that exceed $600 for possible interception to satisfy specified outstanding fees, fines or child support obligations. The division routinely checks these claims against lists submitted by the Judicial Department (JUD), the Department of Revenue (DOR), and the Department of Human Services (DHS). The total dollar amount of “Intercepted” claims by department in FY 2015-16 was as follows: JUD $44,519; DHS $31,076; and DOR $216,189.


Throughout the year, the Unclaimed Property Division also receives and processes unclaimed safe deposit boxes. In FY 2015-16, the total number of safe deposit items reported was 2,740. This reflects the push that was made in the previous year to ask the banks to “catch up” on remitting safe deposit box contents. Other FY 2015-16 statistics: 1,074 items inventoried, 83 items returned, and the total amount of cash from safe deposits boxes deposited was $15,822. The Division has continued contacting banks to keep them reporting and remitting dormant or abandoned safe deposit contents on schedule and directed considerable effort to processing the boxes that are delivered to the Treasury.

Special Purpose The special purpose programs include the Property Tax Deferral Program for Seniors and Active Military Personnel, the Senior Citizen and Disabled Veteran Property Tax Exemption Program, the Property Tax Reimbursement for Property Destroyed by Nature, and Highway Users Tax Funds.

Property Tax Deferral Program for Seniors and Active Military Personnel This program provides loans to pay the property taxes for qualified Colorado citizens who make application. During the 2002 legislative session, C.R.S. 39-3.5-105.5 and 105.7 were revised, changing the funding of this program from a General Fund appropriation to an investment as a loan to the taxpayer. Liens are placed on the property and interest is calculated annually. The interest rate floats with the 10 year Treasury note, changing each year in February. The current rate is set at 2.25%. There are no limits to the number of applications the Department may receive; and there are limited eligibility requirements. As of April 30, 2016, Treasury had 544 participants in the program. The Treasury uses an Access database to manage this program. Additionally, Treasury uses an annual self-verification process to monitor existing participants thus ensuring their continued eligibility for the program. Also, in conjunction with Central Collections, the Department aggressively pursues delinquent accounts.

Senior Citizen and Disabled Veteran Property Tax Exemption Created by the passage of Referendum A, which was approved by the voters in November of 2000, and codified at C.R.S. 39-3-201 et seq., this program originally exempted one-half of the first $200,000 of a home’s value from property taxation for citizens over the age of 65 who have lived in their current homes for at least 10 years. It also applies to surviving spouses of qualified taxpayers. The first payment to counties was made in April of 2003. The Treasury, in conjunction with the Department of Local Affairs has developed and maintains an extensive database for the program to ensure that distributions are correctly calculated and disbursed.


Language in Referendum A gave the legislature the authority to lower the amount of assessed residential property that may be exempted from taxes. Due to the State budget shortfall, C.R.S 39-3-203 was revised to decrease this amount to zero for tax years after December 31, 2002 but before January 1, 2006. Consequently no payments were made for FY 2003-04 through FY 2005-06. The exemption was reinstated to one-half of the first $200,000 beginning with FY 2006-07. Treasury made $79.8 million in payments to counties in FY 2007-08; and $85.6 million in FY 2008-09. However, again due to a State budget shortfall, C.R.S. 39-3-203 was revised for the 2009 property tax year, reducing the amount of assessed residential property that may be exempted from taxes by a qualifying senior from $200,000 to $0, leaving the exemption for qualified disabled veterans, noted below, intact. SB 10-190 continued the 2009 reduction through the 2011 property tax year. Consequently, Treasury made only $1.3 million in payments to counties in FY 2009-10, $1.6 million in FY 2010-11, and $1.8 million in FY 2011-12. The assessed residential property that may be exempted from taxes by a qualifying senior returned to one-half of the first $200,000 beginning in the 2012 property tax year. Treasury made $102.7 million in payments to counties in FY 2012-13; $109.8 million in FY 2013-14; $116.9 million in FY 2014-15; and $127.1 million in FY 2015-16. Referendum E, approved during the 2006 general election, allows the senior homestead exemption to be extended to veterans who have a service-connected disability that has been rated as 100% permanent, as well as their surviving spouses. This exemption was codified by revising the definitions in C.R.S. 39-3-202.

Property Tax Reimbursement for Property Destroyed by Nature House Bill 14-1001 created this program by adding C.R.S. 39-1-123. The statute establishes a state reimbursement for certain property taxes owed or paid for real property and business personal property that has been destroyed in a natural disaster or by another cause beyond the control of the property owner. The program applies to tax years starting on or after January 1, 2013; and the appropriation for FY 2016-17 is $2,221,828.

Highway User Tax Funds (HUTF) The annual calculation, allocation and distribution of HUTF to Colorado counties and municipalities, and the Department of Transportation are responsibilities of the Treasury. Estimates for future HUTF disbursements are based on projections from the Legislative Council Office.


On March 2, 2009, the Funding Advancements for Surface Transportation and Economic Recovery (FASTER) bill was signed into law and codified at C.R.S. 43-4-801 et seq. FASTER generates additional revenues for statewide transportation improvements. Revenues generated from the Road Safety Surcharge, Oversize/Overweight Surcharge, Rental Car Surcharges, and late vehicle registration fees are credited to the HUTF and distributed per statute to the Department of Transportation, counties, and municipalities.

Other Programs

Charter School Intercept and Moral Obligation Program C.R.S. 22-30.5-406 allows a charter school entitled to receive moneys from the State to request that the State Treasurer make direct payments of principal and interest on capital construction bonds on its behalf. The Treasury withholds the moneys needed to make these payments from the monthly equalization payments to the Charter Authorizer (the school district in which the charter school is located or the State Charter School Institute). The Treasurer will only perform an intercept for a charter school that receives sufficient state equalization money to cover the entire annual amount of the principal and interest payments. This program enhances the charter school’s ability to obtain favorable financing terms on its bonds. As of September 30, 2016, Treasury had 71 participants in the intercept program. In addition to this intercept program the Treasury oversees a complementary program: the “Moral Obligation Program.” This program enhances the credit of a “qualified charter school.” A qualified charter school is one that has obtained an investment grade credit assessment on a “stand alone” basis. The enhancement enables these qualified schools to obtain more favorable financing terms on their capital construction bonds. The program is funded from a separate source of moneys from which the Treasury would make bond payments in the case of a default by a charter school. C.R.S. 22-30.5-407 created the State Charter School Interest Savings Account within the State Charter School Debt Reserve Fund. Each qualified charter school allowed into this program annually pays ten basis points of the principal amount of bonds outstanding into this fund. At September 30, 2016, the fund had a balance of $4.5 million. In the event that a default occurs that exhausts the balance in the fund, as well as the $1 million appropriated in FY 2002-03 from the State Education Fund, the statute directs the Governor to notify the General Assembly so that it may consider whether to appropriate funds to pay off the bonds. An additional $6.5 million was appropriated from the State Education Fund to the State Charter School Debt Reserve Fund in FY 2014-15. This last element is the “moral obligation” aspect of the program. Failure by the State to make such an appropriation could have a substantial negative effect on the State’s credit and almost certainly interfere with its ability to issue certificates of participation. The statutory cap of the outstanding par value of the bonds issued by charter schools under this program was legislatively increased from $200 million to $400 million in 2006; and from $400 million to $500 million in 2014. As of September 30, 2016, the outstanding par value of the bonds issued under the moral obligation program was $348.5 million.


K-12 School District Intercept Program The program created in C.R.S. 22-41-110 requires the Treasurer to make timely payments of principal and interest on school district bonds if the district is unable to do so. If the Treasurer makes such a payment, he shall recover the amount forwarded by withholding amounts from the school district’s payments of the State’s share of the district’s total program funding and/or from school district property tax and specific ownership tax revenues. With this security in place, school districts across the State have been able to receive greatly enhanced ratings on their bond issues. The program, created in 1991, automatically covers all school districts except those which have expressly opted out of the program. Since the program’s inception, Treasury has never made a bond payment on behalf of a school district. As of June 30, 2016, the outstanding par value of the bonds issued under the school district intercept program was approximately $7.3 billion.

Higher Education Intercept Program Based on the success of the State’s school district intercept program explained above, in 2008 the legislature created a parallel program for revenue bonds issued by Colorado state-supported institutions of higher education, enacted as C.R.S. 23-5-139. In this program, the Treasurer is required to make timely payments of principal and interest on revenue bonds issued by qualified state-supported institutions of higher education if the institution is unable to do so. If the Treasurer makes such a payment, he shall recover that amount by withholding amounts from the institution’s payments of the State’s fee-for-service contract with the institution, from any other State support for the institution, and from any unpledged tuition moneys collected by the institution. With this security in place, the State’s public institutions of higher education receive greatly enhanced ratings on their bond issues. Unlike the school district program, institution bonds must meet certain qualifications to be covered by the program: 1) at the time of issuance, the maximum total annual debt service payments of the revenue bond issue and any other bonds to which this section applies issued by the same institution are one hundred percent or less of the institution’s prior year fee-for-service contract revenue; and 2) the institution must have pledged certain other institution revenues to the bond holders. As of September 30, 2016, there were nine institutions of higher education participating and the outstanding par value of the bonds issued under the higher education intercept program was approximately $1.6 billion.

Short-term Note Issuance Due to the highly irregular flows of revenues into the state, Treasury issues short term tax and revenue anticipation notes. This financing provides funds to meet the state’s liquidity needs in months when the state's general fund experiences a deficit. Interest on the notes and their costs of issuance are paid from investment earnings and premium. In July 2016, Treasury issued $600 million in tax and revenue anticipation notes which mature in June 2017.


In July 2016, the Treasury also issued $275 million in short term notes on behalf of the State of Colorado Education Loan Program to fund cash flow shortages in school districts. An additional issuance of approximately $275 million for this program will occur in January 2017. These notes also mature in June 2017; and the repayment of the notes is from the property tax collections of the participating local school districts.

Higher Education Lease Purchase Agreements In 2008, the General Assembly enacted C.R.S. 23-1-106.3 authorizing the Treasurer to execute lease purchase agreements on behalf of the State for certain capital projects at state-supported institutions of higher education as specified in House Journal Resolution (HJR) 08-1042. The legislation sets the term of maturity and maximum annual lease payment amounts. The repayment source for these transactions is the Higher Education Federal Mineral Lease Revenues Fund created in C.R.S. 23-19.9-102. C.R.S. 23-1-106.3 also specifies that the Treasurer will make an annual determination of the sufficiency of money in the Higher Education Federal Mineral Lease Revenues Fund for entering into additional lease purchase agreements in subsequent years. $230.8 million in Certificates of Participation (COPs) were issued on November 6, 2008. The proceeds of the certificates funded twelve projects at institutions of higher education per HJR 08-1042 (projects 1-11 plus project 13). The unspent proceeds from these twelve projects was approved to fund an additional eleven projects at institutions of higher education per a letter from the Capital Development Committee dated September 6, 2012. Responding to historically low rates in the tax exempt market, a portion of the 2008 COPs were restructured to realize both budgetary and present value savings. $35.9 million of refunding higher education Certificates of Participation were issued in December 2009, which saved the state $12.8 million from FY 2009-10 through FY 2011-12. Then, again, in November 2014, $110.5 million of refunding higher education COPs were issued which saved the state nearly $12 million over the life of the loan.

Building Excellent Schools Today (BEST) Lease Purchase Agreements In 2008, House Bill 08-1335 (the BEST Act) was signed into law (codified as C.R.S. 22-43.7-101 et seq.). This legislation authorizes the Treasurer to execute lease purchase agreements on behalf of the State for certain kindergarten through twelfth grade public school capital projects. The legislation allows the Public School Capital Construction Assistance Board to recommend projects to be funded through these lease purchase agreements with annual lease payments that do not exceed, in total, $20 million in FY 2008-09, $40 million in FY 2009-10, $60 million in FY 2010-11, and $80 million in FY 2011-12 and any year thereafter. Of this amount, the State is responsible for funding lease payments not to exceed half the total. School districts, charter schools or Boards of Cooperative Educational Services provide “matching” amounts to make any additional lease payments up to the total.


The Treasurer makes lease payments from the Public School Capital Construction Assistance Fund, which receives moneys from school trust lands and from the Colorado Lottery. $87.1 million in Certificates of Participation Qualified School Construction Bonds were issued on August 12, 2009 to fund the awards recommended by the Assistance Board and approved by the State Board of Education. On March 16, 2010, $85.7 million in taxable Build America certificates and $14.0 million in tax exempt certificates were issued to fund the second round of awards. On December 16, 2010, $95.7 million in Qualified School Construction Bond certificates, $119.8 million in taxable Build America certificates, and $2.0 million in tax exempt certificates were issued to fund the third round of awards. On December 8, 2011, $146.6 million in tax exempt certificates were issued to fund the fourth round of awards. On December 6, 2012, $196.0 million in tax exempt certificates were issued to fund the fifth round of awards. On December 9, 2013, $89.5 million in tax exempt certificates were issued to fund the sixth round of awards. In February 2015, unexpended Certificates of Participation proceeds from completed projects was utilized to fund one additional project.

Management of the State’s Financial Obligations The Treasurer’s Office assumed the responsibilities of managing the State’s financial obligations after enactment of SB 12-150. During FY 2012-13, the Treasurer’s Office worked diligently to put these new duties into motion by promulgating Colorado’s first State Public Finance Policy – which was viewed favorably by financial markets as well as credit rating agencies. In this role, Treasury continually analyzes the State’s outstanding financial obligations to identify refinancing opportunities in order to produce both present value and cash flow savings for the State. Additionally, financial obligations have numerous annual post-issuance compliance measures required by both the Securities Exchange Commission (SEC) and the Internal Revenue Service (IRS). Treasury’s analysis of these measures lead to an overhaul of the State’s post-issuance compliance procedures required by the SEC and the IRS, implementing new procedures and processes to bring the State into 100% compliance.


Prior Year Legislation

SB 16-035 This bill created the Public School Fund Investment Board. The Board is made up of the Treasurer (Chairman of the Board), three appointees by the Treasurer and a final Board seat held by one of the Commissioners of the Colorado State Land Board. This bill enables the Public School Fund to be invested in assets other than fixed income assets. It now allows for investment in equity mutual funds, equity-indexed funds and other equity investments that do not represent an investment in an individual corporation. It is important to note that although the Fund is now allows to invest in these eligible securities, the Board may determine that no changes should be made to the investment strategy of the Public School Fund.

SB 16-204 The Higher Education Revenue Bond Intercept Program, first authorized in 2008 and last modified in 2013, enables the governing boards of higher education institutions to issue debt under the state's credit rating rather than their own. This reduces the cost of debt for governing boards but also makes the State responsible for making timely payments on the debt if the governing board is not able to do so. If this occurs, the State is authorized to recoup funds from the governing board from certain state appropriations to the governing board and tuition revenues. The bill includes the following provisions:

Changes the legislative review and approval process for intercept debt. Under current law, the Capital Development Committee (CDC) and Joint Budget Committee (JBC) review requests for cash-funded projects costing more than $2.0 million that are requested to be supported by the higher education revenue bond intercept program. They then refer their recommendations to the Colorado Commission on Higher Education (CCHE). Under the provisions of this bill, the CDC and JBC must explicitly approve expansion of all intercept debt for all participating governing boards. This includes funding for new projects of any size (including those under $2.0 million) and refinancing of debt that was previously issued outside of the intercept program. The bill establishes exceptions so that the Treasurer may approve refinancing of existing intercept debt on an expedited basis (15-day turnaround), so long as the refinancing provides savings to the governing board and does not extend the number of years of repayment.


Caps the program based on General Fund appropriations to each governing board. Adds a new restriction to the program to require that when new debt is issued, the governing board's total debt payments from previous debt issued under the intercept program plus the new debt may not exceed 75 percent of the board's annual College Opportunity Fund Program fee-for-service and stipend payment appropriations.

Changes how the debt coverage ratio test that a governing board must pass to qualify for the program is calculated. Under

current law, a governing board must have a coverage ratio (moneys available for debt payment divided by annual debt service payment) of no less than 1.5, but this calculation applies only to the debt it has issued under the intercept program. The bill changes this calculation so that the governing board must show that it will have a coverage ratio of 1.5 for all of its debt (including non-intercept debt) before it may issue new debt under the intercept program.

Requires an annual report on the program from the State Treasurer. Requires that the Treasurer submit a report on September 1

of each year to the CDC, JBC, the CCHE, and the Governor's Office of State Planning and Budgeting (OSPB) with information on each governing board's credit rating, debt service coverage ratio, total bonds issued and total bonds issued under the intercept program, and the payment schedules for the outstanding debt.

Establishes a Treasurer pre-approval process for new intercept debt. Requires that as part of the September 1 report, the

Treasurer provide an annual pre-approval certificate indicating whether the governing board qualifies for the program and identifying the maximum additional debt the board may issue while complying with the provisions of the program. This certificate may be amended by the Treasurer at the CDC's request, based on information subsequently submitted related to a particular project.

Broadens the sources of funds from which the Treasurer may collect repayments from governing boards if the intercept is

invoked. Under current law, the Treasurer may recover the amounts the State has forwarded to bond holders from an institution's state support and unpledged tuition moneys, with certain restrictions. The bill eliminates restrictions on how funds may be recovered from the institution's state-support and specifies that moneys may also be recovered from other moneys collected by an institution.

Requires reporting to Executive and Legislative Branch Agencies on new intercept debt issuances. Expands reporting

requirements so that the CDC, JBC, OSPB, and CCHE all receive final "official statements" indicating the amounts and the terms of debt when new intercept debt is issued. Also requires these parties and the Treasurer to receive electronic notification when a "preliminary official statement" is issued prior to pricing on new debt. Establishes timeframes of 30 days for filing


intercept-related information with the Treasurer and other parties. Clarifies that failure to file these reports does not affect the Treasurer's obligations under the intercept program.

Hot Issues

Treasurer’s Inaugural Report on Institutions of Higher Education: The Treasurer’s Office has prepared the first annual report on the financial viability of the State’s institutions of higher education. This report was specifically designed to give the State Legislators a guide to the financial health of these institutions and whether or not they qualify for the State’s Higher Education Intercept Program. The report details all intercept and stand-alone debt outstanding by each institution, the percentage of maximum annual debt service to total State funding of that institution, as well as a “Treasurer’s Commentary” on the financial strength of each institution.

Public Employees Retirement Association (PERA): The unfunded liability of PERA’s defined benefit plan continues to be of great concern to the Treasurer’s Office. Last fiscal year, PERA’s investment performance was well shy of the 7.50% assumed rate of return, returning 1.50% (6.00% short). This miss contributed an additional $2+ billion in unfunded liability. While PERA is a long term investor, the recent investment performance misses creates a fiduciary responsibility to review PERA’s assumed actuarial rate of return assumptions. In addition, the Treasurer’s Office will continue to use its board seat to fight for increased transparency of financial contracts and plan documents.

Continuing the Consolidation of the State’s Financial Obligations Within the Treasurer’s Office: This document mentions several successful milestones of implementing SB 12-150 which centralized the State’s public financial management, including the promulgation of the State’s first Public Finance Policy and strengthening the State’s post-issuance compliance measures. As we continue to improve and streamline these processes, there will be additional opportunities to make financial management more efficient:


Qualified vendor pools: Prior to SB 12-150, financial management was decentralized, disorganized, and executed on a case-by-case basis. Now that financial management is centralized, the Treasurer’s Office can improve this service to agencies in many ways. One immediate improvement was to create qualified pools of vendors, including legal counsel, banking and underwriting entities, and other services. This will help streamline the time required to execute the State’s financial transactions.

Post Issuance Compliance: For any State financial obligation (TRANs, COPs, etc.), there are annual disclosure requirements for the life of each individual issuance. Prior to consolidation, the State was significantly out of compliance with these disclosure requirements. The Treasurer’s Office is shoring up these deficiencies and is currently in 100% compliance with these Security and Exchange Commission regulations.


Workload Indicators

Workload Indicators FY 13-14 Actual

FY 14-15 Actual

FY 15-16 Actual

Number of Treasury Pool investment purchases / Average dollar amount per purchase

460 / $33.3 million

384 / $42.2 million

508 / $38.9 million

Number of HUTF payments produced 3,948 EFT pymts

/ 25 warrants 3,885 EFT pymts

/ 76 warrants 3,959 EFT pymts /

5 warrants Number of deferred property applications processed 403 399 411

Number of participants in charter intercept program (Number of these in “moral obligation” program)

64 (31) 69 (32) 70 (29)

Number of school districts participating in interest free loan program 22 26 21

Number of cash-related documents processed ** 1,148,043 1,376,214

currently unavailable

Number of checks received / Dollar amount of checks received

160,107 / $773.4 million

160,146 / $811.4 million

90,735 / $179.8 million

Dollar amount of electronic deposits accounted for 25.5 billion 35.2 billion 43.6 billion

** Agencies with an interest-eligible fund are charged a transaction fee by Treasury based on the number of documents processed for that fund each year.

Administration


Significant Administration Accomplishments To accelerate receipt of all funds coming into the Treasury Department

1.1.1 Continued to train other agency personnel on alternative cash concentration procedures such as the use of Internet based bank transfers to quickly and efficiently move money to the State’s main operating account. 1.1.2 Continued to research and evaluate potential means to electronically transmit bank deposits seeking ones that meet the appropriate standards of accuracy, ease of use, and cost effectiveness.

To conservatively and safely invest the portfolios to preserve principal and consistently provide income 1.2.1 Earned $103.0 million of income for all funds managed in FY 2015-16. 1.2.2 No investments in default or nonpaying status. 1.2.3 Exceeded the investment portfolio benchmark by 57 basis points.

To disburse funds efficiently

1.3.1 Maintained a timely process related to the applications for the senior property tax deferral program and the associated disbursements to the county treasurers. 1.3.2 Maintained a timely process related to intercepting bond payment funds from charter schools participating in the Charter Intercept Program and forwarding same to their chosen bank.

To provide efficient and timely cash flow monitoring 1.4.1 Successfully completed note issuances on behalf of school districts to meet their cash flow needs, while minimizing the program’s cost to the state’s General Fund. 1.4.2 Ensured that all outstanding interest free loans to school districts were repaid on time. 1.4.3 Maintained a timely process, with the assistance of the Department of Revenue, to transfer tobacco taxes collected under Amendment 35 to various State agencies. 1.4.4 Continued to maintain a database to monitor the general obligation bonds issued by school districts under the School District Intercept Program, C.R.S. 22-41-110. 1.4.5 Also continued to maintain a database to monitor the revenue bonds issued by state-supported institutions of higher education under the Higher Education Intercept Program, C.R.S. 23-5-139.


To improve cash management and ensure adequate liquidity through better forecasting 1.5.1 Continued to refine cash flow forecasting methodology. 1.5.2 Continued to meet with the Office of State Planning and Budgeting (OSPB), the Department of Revenue and Legislative Council to ensure accurate cash flow information for legislature and credit rating agencies. 1.5.3 Cost effectively issued Tax Revenue Anticipation Notes to aid in cash flow management, sizing the issuance to minimize interest expense.

To improve banking services

1.6.1 Continued to evaluate banking services for improved reporting, cash management, and earnings on funds on deposit. To provide technical assistance to local governments

1.7.1 Continued to instruct local government finance officials on the State’s master credit card agreement. To continue and improve the Building Excellent Schools Today program

1.8.1 Continued to refine and improve the process for constructing lease purchase financing for the program.


Workload Indicators FY 13-14 Actual

FY 14-15 Actual

FY 15-16 Actual

Number of claims processed 13,844 14,065 13,330

Number of inquiries handled 135,000 135,000 135,000

Number of letters mailed to owners 6,000 6,000 6,000

Number of businesses & reporting services notified 8,401 8,493 8,507

Number of holder reports received 9,730 10,071 9,529

Safe deposit (SD) related items:

Number of SD items reported 2,947 5,681 2,740

Number of SD items inventoried 3,809 7,385 1,074

Number of SD items returned 235 187 83

Number of SD items sold (amount received)

No Auctions Held

No Auctions Held $5,376

Unclaimed Property


Significant Unclaimed Property Accomplishments To communicate existence of Program more effectively to potential owners

1.1.1 Pursued an aggressive media program throughout the year to highlight the program, including being repeatedly featured on nationally-televised programs such as 60 Minutes, Good Morning America, and PBS. 1.1.2 Continued annual publication of unclaimed property holder names, significantly increasing submission of inquiries and claims by citizens. In April 2016, the publication utilized 8 television stations throughout the state, many radio stations, and newspapers in many counties to advertise more than 200,000 new names. The names published were those added to the Unclaimed Property database during the previous year and valued at $50 or more.

To reduce the administrative burden on holders

1.2.1 Continued to make all forms and reporting instructions available on the Treasury website. 1.2.2 Continued to enforce the rule requiring all companies with 20 or more items to report to submit the report electronically. 1.2.3 Continued to make it possible for companies to submit encrypted reports electronically. 1.2.4 Made it possible for companies to remit funds electronically. 1.2.5 Made an aggressive effort to call for dormant safe deposit boxes being held by banks. 1.2.6 Contacted Colorado holders by email to notify them of Unclaimed Property Educational Seminars.

To educate citizens and businesses about unclaimed property and the related responsibilities for compliance

1.3.1 Held ten seminars and other outreach programs in Denver (2), Centennial, Fort Collins, Greeley, Lakewood, Littleton, Colorado Springs, Montrose, and Vail. 1.3.2 Continued efforts to identify and contact potential unclaimed property holders to inform them of requirements to report and the processes for doing so. 1.3.3 Sent or delivered claim forms to businesses and government agencies to inform them of unclaimed property that they could claim. 1.3.4 Contacted holders to inform them of scheduled seminars.


To meet additional statutory requirements 1.4.1 Continued to refine the unclaimed property intercept program pursuant to HB 05-1044 to capture unclaimed property owed to meet outstanding governmental debts. 1.4.2 Continued to assist other state agencies in implementing a process for reporting and obtaining reimbursements. 1.4.3 Continued to make an aggressive effort to dispose of non-valuable safe deposit items held by the Division for three years or longer, in compliance with the Unclaimed Property statute. 1.4.4 Scheduled and completed the annual sale of unclaimed securities held by the Division in a timely manner and in compliance with the Unclaimed Property statute.

Non-Prioritized RequestsRequires

Legislation Total Funds FTE Cash FundsReappropriated

Funds Federal Funds

No0

R-01 OIT_Secure ColoradoNo $3,378 0.0 $0 $0 $0

0R-02 OIT_Deskside

No $1,351 0.0 $0 $0 $0

Non-Prioritized Request Subtotal $4,729 0.0 $0 $0 $0

$4,729 0.0 $0 $0 $0

$3,378

Office of Information Technology $1,351

Total Department of Treasury FY 2017-18 Requests $4,729

$4,729

FY 2017-18 BUDGET REQUEST - TREASURY Schedule 10 Request

Interagency Review General Fund

Office of Information Technology


Request Title

X

FY 2018-19

Fund ContinuationFY 2018-19

Total $5,775FTE 0.0GF $5,775

CF $0

RF $0

FF $0

Fund

Total $5,775

FTE 0.0

GF $5,775

CF $0

RF $0

FF $0

YesYesYes

Yes

Interagency Approval or Related Schedule 13s: Office of Information Technology

Type of Request? Department of Treasury Non-Prioritized Request

No X

FF Letternote Text Revision Required? No

Requires Legislation?

RF Letternote Text Revision Required? NoCF Letternote Text Revision Required? No

$0

If Yes, see attached fund source detail.

$0

$0 $0 $0 $0

$0

0.0 0.0

$0 $0

$3,378

$0 $0 $0

FY 2016-17

0.0 0.0

$44,493 $0 $55,36601. Administration - Payments to OIT

$44,493 $0 $55,366 $3,378

FY 2018-19

FY 2017-18 FY 2017-18

Initial Appropriation

Supplemental Request

Base Request

Change Request

FY 2018-19

Line Item Information

FY 2016-17 FY 2017-18

Continuation

$0 $0 $0 $0

$0

$0 $0 $0 $0

$0 $0 $0

0.0$44,493 $0 $55,366 $3,378

0.0 0.0 0.0Total of All Line Items Impacted by Change Request

$44,493 $0

FY 2016-17

$55,366 $3,378

FY 2017-18 FY 2017-18

Summary Information

FY 2016-17 FY 2017-18Initial

AppropriationSupplemental

Request Base RequestChange Request

OSPB Approval By: Budget Amendment FY 2017-18

Change Request FY 2017-18

Dept. Approval By: Supplemental FY 2016-17

4749 R-01 OIT_Secure Colorado

Schedule 13Funding Request for the FY 2017-18 Budget Cycle

Department of TreasuryPB Request Number 4749


Request Title

X

FY 2018-19

Fund ContinuationFY 2018-19

Total $1,412FTE 0.0GF $1,412

CF $0

RF $0

FF $0

Fund

Total $1,412

FTE 0.0

GF $1,412

CF $0

RF $0

FF $0

YesYesYes

Yes

Interagency Approval or Related Schedule 13s: Office of Information Technology

Type of Request? Department of Treasury Non-Prioritized Request

No X

FF Letternote Text Revision Required? No

Requires Legislation?

RF Letternote Text Revision Required? NoCF Letternote Text Revision Required? No

$0

If Yes, see attached fund source detail.

$0

$0 $0 $0 $0

$0

0.0 0.0

$0 $0

$1,351

$0 $0 $0

FY 2016-17

0.0 0.0

$44,493 $0 $55,36601. Administration - Payments to OIT

$44,493 $0 $55,366 $1,351

FY 2018-19

FY 2017-18 FY 2017-18

Initial Appropriation

Supplemental Request

Base Request

Change Request

FY 2018-19

Line Item Information

FY 2016-17 FY 2017-18

Continuation

$0 $0 $0 $0

$0

$0 $0 $0 $0

$0 $0 $0

0.0$44,493 $0 $55,366 $1,351

0.0 0.0 0.0Total of All Line Items Impacted by Change Request

$44,493 $0

FY 2016-17

$55,366 $1,351

FY 2017-18 FY 2017-18

Summary Information

FY 2016-17 FY 2017-18Initial

AppropriationSupplementa

l Request Base RequestChange Request

OSPB Approval By: Budget Amendment FY 2017-18

Change Request FY 2017-18

Dept. Approval By: Supplemental FY 2016-17

4750 R-02 OIT_Deskside

Schedule 13Funding Request for the FY 2017-18 Budget Cycle

Department of TreasuryPB Request Number 4750


LINE ITEM DESCRIPTONS


(1) ADMINISTRATION ..................................................................................................................................................................................... 32

PERSONAL SERVICES .................................................................................................................................................................................. 32 HEALTH, LIFE, AND DENTAL .................................................................................................................................................................... 32 SHORT-TERM DISABILITY.......................................................................................................................................................................... 32 S.B. 04-257 AMORTIZATION EQUALIZATION DISBURSEMENT ......................................................................................................... 33 S.B. 06-235 SUPPLEMENTAL AMORTIZATION EQUALIZATION DISBURSEMENT ......................................................................... 33 SALARY SURVEY.......................................................................................................................................................................................... 33 MERIT PAY ..................................................................................................................................................................................................... 34 WORKERS’ COMPENSATION AND PAYMENT TO RISK MANAGEMENT AND PROPERTY FUNDS ............................................ 34 OPERATING EXPENSES ............................................................................................................................................................................... 34 INFORMATION TECHNOLOGY ASSET MAINTENANCE ....................................................................................................................... 35 LEGAL SERVICES FOR 575 HOURS ........................................................................................................................................................... 35 CAPITOL COMPLEX LEASED SPACE ........................................................................................................................................................ 35 PAYMENTS TO OIT ....................................................................................................................................................................................... 35 CORE OPERATIONS ...................................................................................................................................................................................... 36 CHARTER SCHOOL FACILITIES FINANCING SERVICES ...................................................................................................................... 36 DISCRETIONARY FUND .............................................................................................................................................................................. 36

(2) UNCLAIMED PROPERTY PROGRAM ...................................................................................................................................................... 37 PERSONAL SERVICES .................................................................................................................................................................................. 37 OPERATING EXPENSES ............................................................................................................................................................................... 37 PROMOTION AND CORRESPONDENCE ................................................................................................................................................... 37 LEASED SPACE .............................................................................................................................................................................................. 38 CONTRACT AUDITOR SERVICES .............................................................................................................................................................. 38

(3) SPECIAL PURPOSE ..................................................................................................................................................................................... 38 SENIOR CITIZEN AND DISABLED VETERAN PROPERTY TAX EXEMPTION ................................................................................... 38 HIGHWAY USERS TAX FUND – COUNTY PAYMENTS ......................................................................................................................... 39 HIGHWAY USERS TAX FUND –MUNICIPALITY PAYMENTS .............................................................................................................. 39 PROPERTY TAX REIMBURSEMENT FOR PROPERTY DESTROYED BY NATURAL CAUSE .......................................................... 39 LEASE PURCHASE OF ACADEMIC FACILITIES PURSUANT TO SECTION 23-19.9-102, C.R.S. ...................................................... 39 PUBLIC SCHOOL FUND INVESTMENT BOARD 22-41-102.5, C.R.S. ..................................................................................................... 39



(1) ADMINISTRATION

PERSONAL SERVICES Pursuant to the “State Personnel System Act,” C.R.S. 24-50-101 et seq., this line item reflects the division’s appropriation for the following:

Salaries and wages paid to employees, whether full-time, part-time, temporary, or contract (including leaves); The employer’s contribution to the public employees’ retirement association (C.R.S. 24-51-401); and As mandated by federal law, the employer’s share of Medicare tax paid on behalf of employees hired after March 31, 1986.

For FY 2016-17, the Administration Division of Treasury is appropriated 17.4 full-time equivalent (FTE) employees. As part of the January 2009 10% budget reduction proposal, beginning in FY 2009-10, a portion of the salaries paid to the Treasurer, Deputy Treasurer, and one accounting technician is paid by the Unclaimed Property (UP) Division. For FY 2017-18, Treasury requests the continuation of the existing positions.

HEALTH, LIFE, AND DENTAL Pursuant to the “State Employees Group Benefits Act,” C.R.S. 24-50-601 et seq., this common policy line item reflects the department’s appropriation for the employer’s share of its employees’ health, life, and dental insurance, part of a “total compensation” package as defined in C.R.S. 24-50-104. This appropriation is based on rates provided by the Department of Personnel and Administration (DPA) each year.

SHORT-TERM DISABILITY Pursuant to the “State Employees Group Benefits Act,” C.R.S. 24-50-601 et seq., this common policy line item reflects the department’s appropriation for the cost of providing its employees’ with a short-term disability plan. The State currently covers 100% of the premium costs. This rate is provided annually by DPA. Over time, this common policy appropriation was calculated as follows: 0.177% of base salaries for both FY 2011-12 and FY 2012-13; 0.19% for FY 2013-14 and FY 2016-17; 0.22% for both FY 2014-15 and FY 2015-16. For FY 2017-18, this appropriation continues to be calculated at 0.19% of base salaries.



S.B. 04-257 AMORTIZATION EQUALIZATION DISBURSEMENT Pursuant to C.R.S. 24-51-411, this common policy line item reflects the department’s appropriation to make an additional disbursement to the public employees’ retirement association beginning January 1, 2006. Over time, this common policy appropriation was calculated as follows: an effective rate of 2.80% of base salaries for FY 2011-12; an effective rate of 3.20% for FY 2012-13; an effective rate of 3.60% for FY 2013-14; an effective rate of 4.00% for FY 2014-15; an effective rate of 4.40% for FY 2015-16; and an effective rate of 4.80% for FY 2016-17. For FY 2017-18, this appropriation is calculated at a rate of 5.00% of base salaries.

S.B. 06-235 SUPPLEMENTAL AMORTIZATION EQUALIZATION DISBURSEMENT Pursuant to C.R.S. 24-51-411, this common policy line item reflects the department’s appropriation to make a supplemental disbursement to the public employees’ retirement association beginning January 1, 2008. Over time, this common policy appropriation was calculated as follows: an effective rate of 2.25% of base salaries for FY 2011-12; an effective rate of 2.75% for FY 2012-13; an effective rate of 3.25% for FY 2013-14; an effective rate of 3.75% for FY 2014-15; an effective rate of 4.25% for FY 2015-16; and an effective rate of 4.75% for FY 2016-17. For FY 2017-18, this appropriation is calculated at a rate of 5.00% of base salaries.

SALARY SURVEY Pursuant to C.R.S. 24-50-104, this common policy line item reflects the department’s appropriation to increase annual salaries to remain competitive with public and private employment as determined by the State’s personnel director. No increases were approved for FY 2009-10 through FY 2012-13; however, for FY 2013-14, a 2.0% across-the-board market adjustment was approved; for FY 2014-15, a 2.5% market adjustment was approved; and for FY 2015-16, a 1.0% market adjustment was approved. For FY 2016-17, no increase was approved. For FY 2017-18, per the recommendation from the Office of State Planning & Budgeting (OSPB) and DPA, the department’s request includes an across-the-board market adjustment of 2.0%.



MERIT PAY Pursuant to C.R.S. 24-50-104, this common policy line item reflects the department’s appropriation to provide performance awards as determined by the State’s personnel director and relating to the annual employee performance evaluations. No increases were approved for FY 2009-10 through FY 2012-13; however, for FY 2013-14 through FY 2015-16, both base and non-base adjustments based on salary quartiles and performance evaluations were approved. For FY 2016-17, no increase was approved. For FY 2017-18, per the recommendation from OSPB and DPA, the department’s request does not include a performance-related adjustment.

WORKERS’ COMPENSATION AND PAYMENT TO RISK MANAGEMENT AND PROPERTY FUNDS This common policy line item reflects the department’s common policy appropriation for its share of the statewide insurance costs as determined by DPA and OSPB.

OPERATING EXPENSES This line item reflects the department’s appropriation for certain expenses relating to the daily operations of the Administration Division. These expenses include, but are not limited to, the leasing of terminals and software for the investment officers, telephones, postage, printing, dues and subscriptions, and travel. Due to the General Fund shortfall, this line item was reduced by $41,591 in a January 2009 10% budget reduction proposal; and it was further reduced by $28,012 in a January 2010 supplemental. In FY 2012-13, based on a JBC staff recommendation after discussions with the Governor’s Office of Information Technology, this line item was reduced by $26,488 – the amount originally budgeted for information security; it was determined that the department would not be billed for that service. In FY 2016-17, a Decision Item reduced this line item by $26,770 due to a change in the department’s investment division. Also, over the years, this line item has seen small increases due to regular price increases to the subscriptions for our online investment tools. For FY 2017-18, Treasury requests the continuation of the current appropriation.



INFORMATION TECHNOLOGY ASSET MAINTENANCE This line item reflects the department’s appropriation for maintaining and upgrading its information technology hardware and software (including computers and printers) based on standard replacement cycles. The appropriations for FY 2011-12 through FY 2016-17 were the same; and the FY 2017-18 request is for the continuation of that appropriation. LEGAL SERVICES FOR 575 HOURS This common policy line item reflects the department’s appropriation for fees paid to the Department of Law for counsel and representation of the Treasurer’s Office, including the UP Program. The calculation multiplies the number of hours appropriated to Treasury (575 hours) times the common policy blended attorney/paralegal rate per hour as determined by DPA. The FY 2011-12 appropriation was based on a blended rate of $75.71; the FY 2012-13 appropriation was based on a rate of $77.25; the FY 2013-14 appropriation was based on a rate of $91.08; the FY 2014-15 appropriation was based on a rate of $99.01; the FY 2015-16 appropriation was based on a rate of $95.01; and the FY 2016-17 appropriation was based on a rate of $95.05. The FY 2017-18 request includes a blended rate of $99.26 rate per instructions from the Department of Law.

CAPITOL COMPLEX LEASED SPACE The Administration Division of Treasury occupies 4,379 square feet of space in the State Capitol; and this common policy line item reflects the department’s appropriation for the cost of maintaining the space as determined by DPA.

PAYMENTS TO OIT This common policy line item reflects the department’s appropriation for reimbursing the Governor’s Office of Information Technology for costs associated with statewide computer services; the multiuse network providing secure, high-speed broadband access; enterprise management and oversight, and back-office business functions; and the State’s cyber security program.



CORE OPERATIONS This common policy line item provides funding for payments to DPA for the State’s financial reporting system, Colorado Operations Resource Engine (CORE). It is calculated by DPA based on the final document count for the most recent fiscal year, by department.

CHARTER SCHOOL FACILITIES FINANCING SERVICES H.B. 02-1349 created the “Charter School Capital Facilities Financing Act,” C.R.S. 22-30.5-401 et seq. Section 406 of the Act provides for the direct payment of charter school bonds by the state treasurer for the purpose of enhancing the charter school’s ability to obtain more favorable financing terms; and subsection (c) of the section provides the state treasurer with the authority to withhold administrative costs from the payments made by the Department of Education to the chartering district or the state charter school institute. This subsection also continuously appropriates the funds withheld to the state treasurer; and, therefore, this line item reflects that appropriation. The appropriation has been $5,000 since inception in FY 2004-05; and Treasury is requesting the continuation of that appropriation for FY 2017-18.

DISCRETIONARY FUND This line item reflects the treasurer’s annual appropriation as an elected state official pursuant to C.R.S. 24-9-105.



(2) UNCLAIMED PROPERTY PROGRAM

PERSONAL SERVICES Pursuant to the “State Personnel System Act,” C.R.S. 24-50-101 et seq., this line item reflects the division’s appropriation for the following:

Salaries and wages paid to employees, whether full-time, part-time, temporary, or contract (including leaves); The employer’s contribution to the public employees’ retirement association (C.R.S. 24-51-401); and As mandated by federal law, the employer’s share of Medicare tax paid on behalf of employees hired after March 31, 1986.

For FY 2016-17, the UP Division of Treasury is appropriated 15.5 FTE, the same as in the previous six years. For FY 2017-18, Treasury requests the continuation of the existing positions.

OPERATING EXPENSES This line item reflects the department’s appropriation for certain expenses relating to the daily operations of the Unclaimed Property Division. These expenses include, but are not limited to, telephones, postage, printing, dues, subscriptions, and travel. The FY 2014-15 appropriation was $30,300 more than the FY 2013-14 appropriation due to an increase granted for a LexisNexis online research service. The FY 2015-16 appropriation was $252,763 more than the FY 2014-15 appropriation due to an increase granted for new unclaimed property software and service. The FY 2016-17 appropriation is $78,313 lower than the FY 2015-16 appropriation due to the removal of one-time costs included in the FY 2015-16 appropriation. For FY 2017-18, Treasury requests the continuation of the current appropriation.

PROMOTION AND CORRESPONDENCE Pursuant to C.R.S. 38-13-111 (7), the state treasurer, as administrator of the UP program, can expend up to two percent of the previous year’s paid claims for publication and correspondence to promote the program. This line item reflects the division’s appropriation for the costs associated with notifying owners of lost or forgotten assets held in trust by the State, which includes the publishing of an annual list of unclaimed property owners. For FY 2011-12 through FY 2016-17, the appropriation was held constant at $200,000; and Treasury is requesting the continuation of that appropriation for FY 2017-18.



LEASED SPACE This line reflects the division’s appropriation for rental payments on office space (3,466 square feet) in Logan Tower at 1580 Logan St., Denver. The current lease amendment is a five year lease expiring on June 30, 2021. The FY 2016-17 appropriation is $58,922 based on a Decision Item which estimated the first year’s cost of the renewed lease. The FY 2017-18 request is for $56,947 based on the signed lease amendment.

CONTRACT AUDITOR SERVICES To extend the reach of the division’s audit efforts and recover additional property for Colorado citizens, the division is currently contracting with four, third-party auditing firms. Therefore, this line reflects the appropriation for the fees charged by these contracted audit firms. The fees are charged on a contingency basis ranging from 10.25% to 12.00% of the value of the property identified for Colorado citizens. H.B. 09-1301, codified at C.R.S. 38-13-116.5 (2) (b), established a continuous appropriation from the Unclaimed Property Trust Fund to pay these fees.

(3) SPECIAL PURPOSE

SENIOR CITIZEN AND DISABLED VETERAN PROPERTY TAX EXEMPTION This informational line item reflects the department’s appropriation to reimburse local governments for the property taxes lost due to the property tax exemption as discussed in C.R.S. 39-3-201 et seq. The original exemption of 50% of the first $200,000 of value, authorized in Section 3.5 of Article X of the State Constitution, was approved in 2000. However, for FY 2003-04 through FY 2005-06, no appropriation was made by the General Assembly. The appropriation was re-established in FY 2006-07. Although originally available only to qualifying senior citizens, H.B. 07-1251 implemented a constitutional change to extend the exemption to veterans who were 100% permanently disabled during service. S.B. 09-276 reduced the FY 2009-10 appropriation of $91.4 million to just $1 million, suspending the exemption to qualifying senior citizens while leaving the exemption for qualified disabled veterans intact. S.B. 10-190 continued the suspension of the exemption to qualifying senior citizens through FY 2011-12. The exemption was reinstated beginning in FY 2012-13 with an appropriation of $98.5 million. The appropriations for FY 2013-14 through FY 2016-17 were $105.2 million, $118.4 million, $126.0 million, and $142.7 million, respectively. The FY 2017-18 request of $155.5 million is based on the September 2016 economic and revenue forecast prepared by OSPB.



HIGHWAY USERS TAX FUND – COUNTY PAYMENTS This informational line item reflects the department’s appropriation to make monthly distributions of highway users tax funds to counties per C.R.S 43-4-201 et seq. The appropriation is an estimate based on OSPB’s most current economic and revenue forecast. For each fiscal year’s final appropriation, the most current forecast is the March edition; however, the FY 2017-18 request is based on the September 2016 edition.

HIGHWAY USERS TAX FUND –MUNICIPALITY PAYMENTS This informational line item reflects the department’s appropriation to make monthly distributions of highway users tax funds to cities per C.R.S 43-4-201 et seq. The appropriation is an estimate based on OSPB’s most current revenue forecast. For each fiscal year’s final appropriation, the most current forecast is the March edition; however, the FY 2017-18 request is based on the September 2016 edition.

PROPERTY TAX REIMBURSEMENT FOR PROPERTY DESTROYED BY NATURAL CAUSE Per C.R.S. 39-1-123, added by H.B. 14-1001, this line item reflects the department’s appropriation to reimburse certain property taxes owed or paid for real property and business personal property that has been destroyed in a natural disaster or by another cause beyond the control of the property owner. This program applies to tax years starting on or after January 1, 2013.

LEASE PURCHASE OF ACADEMIC FACILITIES PURSUANT TO SECTION 23-19.9-102, C.R.S. This line item reflects the State’s share of the annual base rent payments due on the State of Colorado Higher Education Capital Construction Lease Purchase Financing Program Certificates of Participation.

PUBLIC SCHOOL FUND INVESTMENT BOARD 22-41-102.5, C.R.S. This line item reflects the costs incurred by the Public School Fund Investment Board for contracting services in order to securely invest money deposited in the public school fund for the intergenerational benefit of public schools.

Total Funds FTE Cash FundsReappropriated

Funds Federal Funds

01. Administration

WFY 2016-17 Initial Appropriation $2,345,974 17.4 $1,086,429 $0 $0

FY 2017-18 Base Request $2,494,557 17.4 $1,171,733 $0 $0

FY 2017-18 Elected Official Request $2,499,286 17.4 $1,176,462 $0 $0

02. Unclaimed Property Program

WFY 2016-17 Initial Appropriation $2,262,606 15.5 $0 $0 $0

FY 2017-18 Base Request $2,260,631 15.5 $0 $0 $0

FY 2017-18 Elected Official Request $2,260,631 15.5 $0 $0 $0

03. Special Purposes

WFY 2016-17 Initial Appropriation $513,427,527 0.0 $144,921,828 $17,775,175 $0

FY 2017-18 Base Request $526,758,821 0.0 $157,755,272 $17,773,025 $0

FY 2017-18 Elected Official Request $526,758,821 0.0 $157,755,272 $17,773,025 $0

$518,036,107 32.9 $354,252,675 $17,775,175 $0$531,514,009 32.9 $354,813,979 $17,773,025 $0$531,518,738 32.9 $354,813,979 $17,773,025 $0

FY 2017-18 BUDGET REQUEST - TREASURY RECONCILIATION REPORTDepartment Summary

$1,259,545

$1,322,824

$1,322,824

Long Bill Line Item General Fund

$350,730,524

FY 2017-18 Base Request $158,927,005

$2,262,606

$2,260,631

$2,260,631

FY 2017-18 Elected Official Request $158,931,734

$351,230,524

$351,230,524

Department SummaryFY 2016-17 Initial Appropriation $146,008,257


Total Funds FTE General Fund Cash FundsReappropriated

Funds Federal Funds

PY_ACTU W01. Administration $2,188,647 14.3 $934,357 $1,254,290 $0 $0

W02. Unclaimed Property Program $2,166,152 15.1 $0 $2,166,152 $0 $0

W03. Special Purposes $456,939,200 0.0 $119,496,496 $337,442,704 $0 $0

$461,294,000 29.4 $120,430,853 $340,863,147 $0 $0

PY_ACTU W01. Administration $2,171,075 14.0 $1,023,932 $1,147,142 $0 $0W02. Unclaimed Property Program $2,282,509 14.6 $0 $2,282,509 $0 $0W03. Special Purposes $485,579,925 0.0 $132,939,030 $352,640,895 $0 $0

$490,033,509 28.6 $133,962,962 $356,070,546 $0 $0

CY_APPR W01. Administration $2,345,974 17.4 $1,086,429 $1,259,545 $0 $0W02. Unclaimed Property Program $2,262,606 15.5 $0 $2,262,606 $0 $0W03. Special Purposes $513,427,527 0.0 $144,921,828 $350,730,524 $17,775,175 $0

$518,036,107 32.9 $146,008,257 $354,252,675 $17,775,175 $0

RY_NOV1 W01. Administration $2,499,286 17.4 $1,176,462 $1,322,824 $0 $0W02. Unclaimed Property Program $2,260,631 15.5 $0 $2,260,631 $0 $0W03. Special Purposes $526,758,821 0.0 $157,755,272 $351,230,524 $17,773,025 $0

$531,518,738 32.9 $158,931,734 $354,813,979 $17,773,025 $0

FY 2017-18 Elected Official Request

FY 2017-18 Total Elected Official Request

FY 2017-18 BUDGET REQUEST - TREASURY Schedule 2

FY 2014-15 Actual Expenditures

FY 2014-15 Total Actual Expenditures


FY 2015-16 Total Actual Expenditures

FY 2016-17 Initial Appropriation

FY 2016-17 Total Initial Appropriation


Total Funds FTE General Fund Cash Funds Reappropriated Funds Federal Funds

W $1,349,768 16.4 $338,432 $1,011,336 $0 $0P $41,484 0.0 $41,484 $0 $0 $0

$1,391,252 16.4 $379,916 $1,011,336 $0 $0$1,391,252 14.3 $379,916 $1,011,336 $0 $0

$0 2.1 $0 $0 $0 $0

P $1,372,760 16.4 $419,804 $952,956 $0 $0

W $1,372,760 16.4 $419,804 $952,956 $0 $0

$30,741 0.0 $30,741 $0 $0 $0

$1,403,501 16.4 $450,545 $952,956 $0 $0

$1,369,973 14.0 $450,545 $919,428 $0 $0

$33,528 2.4 $0 $33,528 $0 $0

$1,399,784 17.4 $446,828 $952,956 $0 $0

W $1,399,784 17.4 $446,828 $952,956 $0 $0

W $1,399,784 17.4 $446,828 $952,956 $0 $0

$1,399,784 17.4 $446,828 $952,956 $0 $0

$1,399,784 17.4 $446,828 $952,956 $0 $0$1,399,784 17.4 $446,828 $952,956 $0 $0

W $1,399,784 17.4 $446,828 $952,956 $0 $0

Schedule 301. Administration

Long Bill Line Item

(A) Administration

Personal ServicesFY 2014-15 Actual

Department of Treasury FY 2017-18


FY 2014-15 Reversion (Overexpenditure)

FY 2015-16 Actual

FY 2014-15 Final AppropriationWFY 2014-15 Adjustment to Appropriation

FY 2014-15 Final Expenditure Authority

FY 2015-16 Expenditure Authority



WSB 15-234 General Appropriation Act (FY 2015-16)

FY 2015-16 Final Appropriation

Allocation of Centrally Appropriated Line Items

FY 2016-17 Personal Services Allocation

FY 2017-18 RequestWFY 2016-17 Initial Appropriation


WHB 16-1405 FY 2016-17 General Appropriation Act


FY 2017-18 Base RequestFY 2017-18 Elected Official Request





Long Bill Line Item

(A) Administration


W $238,320 0.0 $110,313 $128,007 $0 $0

$238,320 0.0 $110,313 $128,007 $0 $0$223,108 0.0 $110,313 $112,795 $0 $0

$15,212 0.0 $0 $15,212 $0 $0

P $250,896 0.0 $130,196 $120,700 $0 $0

W $250,896 0.0 $130,196 $120,700 $0 $0

$250,896 0.0 $130,196 $120,700 $0 $0

$238,324 0.0 $130,196 $108,128 $0 $0

$12,572 0.0 $0 $12,572 $0 $0

$256,548 0.0 $147,408 $109,140 $0 $0

W $256,548 0.0 $147,408 $109,140 $0 $0

W $256,548 0.0 $147,408 $109,140 $0 $0

$256,548 0.0 $147,408 $109,140 $0 $0$42,317 0.0 $11,340 $30,977 $0 $0

$298,865 0.0 $158,748 $140,117 $0 $0$298,865 0.0 $158,748 $140,117 $0 $0

W $298,865 0.0 $158,748 $140,117 $0 $0

FY 2014-15 Actual


FY 2014-15 Final Expenditure AuthorityFY 2014-15 Actual Expenditures

Health, Life, and Dental





FY 2015-16 Actual









TA-07 FY 2017-18 Total Compensation Request





Long Bill Line Item

(A) Administration


W $4,070 0.0 $2,198 $1,872 $0 $0

$4,070 0.0 $2,198 $1,872 $0 $0$4,038 0.0 $2,198 $1,840 $0 $0

$32 0.0 $0 $32 $0 $0

P $4,405 0.0 $2,749 $1,656 $0 $0

W $4,405 0.0 $2,749 $1,656 $0 $0

$4,405 0.0 $2,749 $1,656 $0 $0

$4,147 0.0 $2,749 $1,398 $0 $0

$258 0.0 $0 $258 $0 $0

$3,646 0.0 $2,234 $1,412 $0 $0

W $3,646 0.0 $2,234 $1,412 $0 $0

W $3,646 0.0 $2,234 $1,412 $0 $0

$3,646 0.0 $2,234 $1,412 $0 $0$74 0.0 $80 ($6) $0 $0

$3,720 0.0 $2,314 $1,406 $0 $0$3,720 0.0 $2,314 $1,406 $0 $0

W $3,720 0.0 $2,314 $1,406 $0 $0

Short-term DisabilityFY 2014-15 Actual


FY 2015-16 Actual



















Long Bill Line Item

(A) Administration


W $75,617 0.0 $40,833 $34,784 $0 $0

$75,617 0.0 $40,833 $34,784 $0 $0$73,996 0.0 $40,833 $33,163 $0 $0

$1,621 0.0 $0 $1,621 $0 $0

P $88,094 0.0 $54,955 $33,139 $0 $0

W $88,094 0.0 $54,955 $33,139 $0 $0

$88,094 0.0 $54,955 $33,139 $0 $0

$85,681 0.0 $54,955 $30,726 $0 $0

$2,413 0.0 $0 $2,413 $0 $0

$93,898 0.0 $57,537 $36,361 $0 $0

W $93,898 0.0 $57,537 $36,361 $0 $0

W $93,898 0.0 $57,537 $36,361 $0 $0

$93,898 0.0 $57,537 $36,361 $0 $0$8,529 0.0 $6,162 $2,367 $0 $0

$102,427 0.0 $63,699 $38,728 $0 $0$102,427 0.0 $63,699 $38,728 $0 $0

W $102,427 0.0 $63,699 $38,728 $0 $0



Amortization Equalization DisbursementFY 2014-15 Actual





FY 2015-16 Actual














Long Bill Line Item

(A) Administration


W $70,891 0.0 $38,281 $32,610 $0 $0

$70,891 0.0 $38,281 $32,610 $0 $0$69,307 0.0 $38,281 $31,026 $0 $0

$1,584 0.0 $0 $1,585 $0 $0

P $85,092 0.0 $53,082 $32,010 $0 $0

W $85,092 0.0 $53,082 $32,010 $0 $0

$85,092 0.0 $53,082 $32,010 $0 $0

$82,749 0.0 $53,082 $29,667 $0 $0

$2,343 0.0 $0 $2,343 $0 $0

$92,920 0.0 $56,938 $35,982 $0 $0

W $92,920 0.0 $56,938 $35,982 $0 $0

W $92,920 0.0 $56,938 $35,982 $0 $0

$92,920 0.0 $56,938 $35,982 $0 $0$9,507 0.0 $6,761 $2,746 $0 $0

$102,427 0.0 $63,699 $38,728 $0 $0$102,427 0.0 $63,699 $38,728 $0 $0

W $102,427 0.0 $63,699 $38,728 $0 $0

Supplemental Amortization Equalization DisbursementFY 2014-15 Actual


FY 2015-16 Actual



















Long Bill Line Item

(A) Administration


W $50,822 0.0 $27,444 $23,378 $0 $0P ($50,822) 0.0 ($27,444) ($23,378) $0 $0

$0 0.0 $0 $0 $0 $0

$0 0.0 $0 $0 $0 $0

P $21,842 0.0 $13,631 $8,211 $0 $0

W $21,842 0.0 $13,631 $8,211 $0 $0

($21,842) 0.0 ($13,631) ($8,211) $0 $0

$0 0.0 $0 $0 $0 $0

$0 0.0 $0 $0 $0 $0

$55,081 0.0 $33,997 $21,084 $0 $0

$55,081 0.0 $33,997 $21,084 $0 $0$55,081 0.0 $33,997 $21,084 $0 $0

W $55,081 0.0 $33,997 $21,084 $0 $0

WFY 2014-15 Adjustment to Appropriation



Salary SurveyFY 2014-15 Actual





FY 2017-18 Request

FY 2015-16 Actual









Long Bill Line Item

(A) Administration


W $25,999 0.0 $14,040 $11,959 $0 $0P ($25,999) 0.0 ($14,040) ($11,959) $0 $0

$0 0.0 $0 $0 $0 $0

$0 0.0 $0 $0 $0 $0

P $28,354 0.0 $17,110 $11,244 $0 $0

W $28,354 0.0 $17,110 $11,244 $0 $0

($28,354) 0.0 ($17,110) ($11,244) $0 $0

$0 0.0 $0 $0 $0 $0

$0 0.0 $0 $0 $0 $0

Merit PayFY 2014-15 Actual


FY 2015-16 Actual












Long Bill Line Item

(A) Administration


W $2,793 0.0 $2,793 $0 $0 $0

$2,793 0.0 $2,793 $0 $0 $0$2,793 0.0 $2,793 $0 $0 $0

$0 0.0 $0 $0 $0 $0

P $2,682 0.0 $2,682 $0 $0 $0

W $2,682 0.0 $2,682 $0 $0 $0

$2,682 0.0 $2,682 $0 $0 $0

$2,682 0.0 $2,682 $0 $0 $0

$0 0.0 $0 $0 $0 $0

$2,653 0.0 $2,653 $0 $0 $0

W $2,653 0.0 $2,653 $0 $0 $0

WA $2,653 0.0 $2,653 $0 $0 $0

$2,653 0.0 $2,653 $0 $0 $0$1,558 0.0 $1,558 $0 $0 $0

$4,211 0.0 $4,211 $0 $0 $0$4,211 0.0 $4,211 $0 $0 $0

WA $4,211 0.0 $4,211 $0 $0 $0

FY 2014-15 Actual



Workers' Comp and Payment to Risk Mgmt and Prop Funds





FY 2015-16 Actual



FY 2016-17 All Other Operating Allocation






TA-01 Payment to Risk Management and Property Funds





Long Bill Line Item

(A) Administration


W $184,734 0.0 $184,734 $0 $0 $0

$184,734 0.0 $184,734 $0 $0 $0$184,734 0.0 $184,734 $0 $0 $0

$0 0.0 $0 $0 $0 $0

P ($28,917) 0.0 ($28,917) $0 $0 $0P $184,734 0.0 $184,734 $0 $0 $0

W $155,817 0.0 $155,817 $0 $0 $0

$155,817 0.0 $155,817 $0 $0 $0

$155,817 0.0 $155,817 $0 $0 $0

$0 0.0 $0 $0 $0 $0

$162,444 0.0 $162,444 $0 $0 $0

W $162,444 0.0 $162,444 $0 $0 $0

WA $162,444 0.0 $162,444 $0 $0 $0

$162,444 0.0 $162,444 $0 $0 $0

$162,444 0.0 $162,444 $0 $0 $0$162,444 0.0 $162,444 $0 $0 $0

WA $162,444 0.0 $162,444 $0 $0 $0

Operating ExpensesFY 2014-15 Actual


FY 2015-16 Actual

WHB 16-1251 Suppl Approp Dept of TreasuryWSB 15-234 General Appropriation Act (FY 2015-16)

















Long Bill Line Item

(A) Administration


W $12,568 0.0 $6,284 $6,284 $0 $0

$12,568 0.0 $6,284 $6,284 $0 $0$11,336 0.0 $5,124 $6,213 $0 $0

$1,232 0.0 $1,160 $71 $0 $0

P $12,568 0.0 $6,284 $6,284 $0 $0

W $12,568 0.0 $6,284 $6,284 $0 $0

$12,568 0.0 $6,284 $6,284 $0 $0

$11,903 0.0 $5,619 $6,284 $0 $0

$665 0.0 $665 $0 $0 $0

$12,568 0.0 $6,284 $6,284 $0 $0

W $12,568 0.0 $6,284 $6,284 $0 $0

WA $12,568 0.0 $6,284 $6,284 $0 $0

$12,568 0.0 $6,284 $6,284 $0 $0

$12,568 0.0 $6,284 $6,284 $0 $0$12,568 0.0 $6,284 $6,284 $0 $0

WA $12,568 0.0 $6,284 $6,284 $0 $0

Information Technology Asset Maintenance


FY 2015-16 Actual


FY 2014-15 Actual

















Long Bill Line Item

(A) Administration


W $56,931 0.0 $28,466 $28,465 $0 $0

$56,931 0.0 $28,466 $28,465 $0 $0$9,760 0.0 $8,799 $961 $0 $0

$47,171 0.0 $19,667 $27,504 $0 $0

P $54,631 0.0 $27,316 $27,315 $0 $0

W $54,631 0.0 $27,316 $27,315 $0 $0

$54,631 0.0 $27,316 $27,315 $0 $0

$21,222 0.0 $20,879 $343 $0 $0

$33,409 0.0 $6,437 $26,972 $0 $0

$54,654 0.0 $27,327 $27,327 $0 $0

W $54,654 0.0 $27,327 $27,327 $0 $0

WA $54,654 0.0 $27,327 $27,327 $0 $0

$54,654 0.0 $27,327 $27,327 $0 $0$2,419 0.0 $1,210 $1,209 $0 $0

$57,073 0.0 $28,537 $28,536 $0 $0$57,073 0.0 $28,537 $28,536 $0 $0

WA $57,073 0.0 $28,537 $28,536 $0 $0

Legal Services


FY 2015-16 Actual


FY 2014-15 Actual









TA-09 Legal Rate Change









Long Bill Line Item

(A) Administration


W $53,766 0.0 $53,766 $0 $0 $0

$53,766 0.0 $53,766 $0 $0 $0$53,766 0.0 $53,766 $0 $0 $0

$0 0.0 $0 $0 $0 $0

P $76,324 0.0 $76,324 $0 $0 $0

W $76,324 0.0 $76,324 $0 $0 $0

$76,324 0.0 $76,324 $0 $0 $0

$76,324 0.0 $76,324 $0 $0 $0

$0 0.0 $0 $0 $0 $0

$57,670 0.0 $57,670 $0 $0 $0

W $57,670 0.0 $57,670 $0 $0 $0

WA $57,670 0.0 $57,670 $0 $0 $0

$57,670 0.0 $57,670 $0 $0 $0$9,312 0.0 $9,312 $0 $0 $0

$66,982 0.0 $66,982 $0 $0 $0$66,982 0.0 $66,982 $0 $0 $0

WA $66,982 0.0 $66,982 $0 $0 $0



Capitol Complex Leased SpaceFY 2014-15 Actual





FY 2015-16 Actual









TA-02 Capitol Complex Leased Space





Long Bill Line Item

(A) Administration


W $60,629 0.0 $60,629 $0 $0 $0

$60,629 0.0 $60,629 $0 $0 $0$60,629 0.0 $60,629 $0 $0 $0

$0 0.0 $0 $0 $0 $0

P $31,277 0.0 $31,277 $0 $0 $0

W $31,277 0.0 $31,277 $0 $0 $0

$31,277 0.0 $31,277 $0 $0 $0

$31,277 0.0 $31,277 $0 $0 $0

$0 0.0 $0 $0 $0 $0

$44,493 0.0 $44,493 $0 $0 $0

W $44,493 0.0 $44,493 $0 $0 $0

WA $44,493 0.0 $44,493 $0 $0 $0

$44,493 0.0 $44,493 $0 $0 $0$10,873 0.0 $10,873 $0 $0 $0

$55,366 0.0 $55,366 $0 $0 $0$3,378 0.0 $3,378 $0 $0 $0$1,351 0.0 $1,351 $0 $0 $0

$60,095 0.0 $60,095 $0 $0 $0

WA $60,095 0.0 $60,095 $0 $0 $0

Payments to OITFY 2014-15 Actual


FY 2015-16 Actual











TA-04 Payments to OIT

FY 2017-18 Base RequestR-01 OIT_Secure Colorado



R-02 OIT_Deskside






Long Bill Line Item

(A) Administration


W $96,537 0.0 $43,441 $53,096 $0 $0

$96,537 0.0 $43,441 $53,096 $0 $0$96,537 0.0 $43,441 $53,096 $0 $0

$0 0.0 $0 $0 $0 $0

P $85,635 0.0 $38,536 $47,099 $0 $0

W $85,635 0.0 $38,536 $47,099 $0 $0

$85,635 0.0 $38,536 $47,099 $0 $0

$85,635 0.0 $38,536 $47,099 $0 $0

$0 0.0 $0 $0 $0 $0

$154,696 0.0 $69,613 $85,083 $0 $0

W $154,696 0.0 $69,613 $85,083 $0 $0

WA $154,696 0.0 $69,613 $85,083 $0 $0

$154,696 0.0 $69,613 $85,083 $0 $0$8,913 0.0 $4,011 $4,902 $0 $0

$163,609 0.0 $73,624 $89,985 $0 $0$163,609 0.0 $73,624 $89,985 $0 $0

WA $163,609 0.0 $73,624 $89,985 $0 $0

COFRS ModernizationFY 2014-15 Actual



FY 2015-16 Actual





CORE Operations







TA-03 CORE Operations








Long Bill Line Item

(A) Administration


W $5,000 0.0 $0 $5,000 $0 $0

$5,000 0.0 $0 $5,000 $0 $0$3,861 0.0 $0 $3,861 $0 $0

$1,139 0.0 $0 $1,139 $0 $0

P $5,000 0.0 $0 $5,000 $0 $0

W $5,000 0.0 $0 $5,000 $0 $0

$5,000 0.0 $0 $5,000 $0 $0

$4,070 0.0 $0 $4,070 $0 $0

$930 0.0 $0 $930 $0 $0

$5,000 0.0 $0 $5,000 $0 $0

W $5,000 0.0 $0 $5,000 $0 $0

WA $5,000 0.0 $0 $5,000 $0 $0

$5,000 0.0 $0 $5,000 $0 $0

$5,000 0.0 $0 $5,000 $0 $0$5,000 0.0 $0 $5,000 $0 $0

WA $5,000 0.0 $0 $5,000 $0 $0



Charter School Facilities Financing ServicesFY 2014-15 Actual





FY 2015-16 Actual













Long Bill Line Item

(A) Administration


W $5,000 0.0 $5,000 $0 $0 $0

$5,000 0.0 $5,000 $0 $0 $0$3,530 0.0 $3,530 $0 $0 $0

$1,470 0.0 $1,470 $0 $0 $0

P $5,000 0.0 $5,000 $0 $0 $0

W $5,000 0.0 $5,000 $0 $0 $0

$5,000 0.0 $5,000 $0 $0 $0

$1,271 0.0 $1,271 $0 $0 $0

$3,729 0.0 $3,729 $0 $0 $0

$5,000 0.0 $5,000 $0 $0 $0

W $5,000 0.0 $5,000 $0 $0 $0

WA $5,000 0.0 $5,000 $0 $0 $0

$5,000 0.0 $5,000 $0 $0 $0

$5,000 0.0 $5,000 $0 $0 $0$5,000 0.0 $5,000 $0 $0 $0

WA $5,000 0.0 $5,000 $0 $0 $0

$2,345,974 17.4 $1,086,429 $1,259,545 $0 $0$2,494,557 17.4 $1,171,733 $1,322,824 $0 $0

FY 2014-15 Actual



Discretionary Fund





FY 2015-16 Actual








FY 2016-17 Initial AppropriationFY 2017-18 Base Request



(A) Administration



W $815,385 15.5 $0 $815,385 $0 $0P $35,337 0.0 $0 $35,337 $0 $0

$850,722 15.5 $0 $850,722 $0 $0$848,653 15.1 $0 $848,653 $0 $0

$2,069 0.4 $0 $2,069 $0 $0

P $849,766 15.5 $0 $849,766 $0 $0

W $849,766 15.5 $0 $849,766 $0 $0

$19,455 0.0 $0 $19,455 $0 $0

$869,221 15.5 $0 $869,221 $0 $0

$860,837 14.6 $0 $860,837 $0 $0

$8,384 0.9 $0 $8,384 $0 $0

$867,065 15.5 $0 $867,065 $0 $0

W $867,065 15.5 $0 $867,065 $0 $0

W $867,065 15.5 $0 $867,065 $0 $0

$867,065 15.5 $0 $867,065 $0 $0

$867,065 15.5 $0 $867,065 $0 $0$867,065 15.5 $0 $867,065 $0 $0

W $867,065 15.5 $0 $867,065 $0 $0






FY 2017-18 Base Request











FY 2015-16 Actual



FY 2017-18 Schedule 302. Unclaimed Property Program

Long Bill Line Item

(A) Unclaimed Property Program

Department of Treasury

Personal ServicesFY 2014-15 Actual




Long Bill Line Item



W $162,169 0.0 $0 $162,169 $0 $0

$162,169 0.0 $0 $162,169 $0 $0$118,401 0.0 $0 $118,401 $0 $0

$43,768 0.0 $0 $43,768 $0 $0

P $414,932 0.0 $0 $414,932 $0 $0

W $414,932 0.0 $0 $414,932 $0 $0

$414,932 0.0 $0 $414,932 $0 $0

$126,698 0.0 $0 $126,698 $0 $0

$288,234 0.0 $0 $288,234 $0 $0

$336,619 0.0 $0 $336,619 $0 $0

W $336,619 0.0 $0 $336,619 $0 $0

WA $336,619 0.0 $0 $336,619 $0 $0

$336,619 0.0 $0 $336,619 $0 $0

$336,619 0.0 $0 $336,619 $0 $0$336,619 0.0 $0 $336,619 $0 $0

WA $336,619 0.0 $0 $336,619 $0 $0














FY 2014-15 Actual




FY 2015-16 Actual

Operating Expenses




Long Bill Line Item



W $200,000 0.0 $0 $200,000 $0 $0

$200,000 0.0 $0 $200,000 $0 $0$197,795 0.0 $0 $197,795 $0 $0

$2,205 0.0 $0 $2,205 $0 $0

P $200,000 0.0 $0 $200,000 $0 $0

W $200,000 0.0 $0 $200,000 $0 $0

$200,000 0.0 $0 $200,000 $0 $0

$197,926 0.0 $0 $197,926 $0 $0

$2,074 0.0 $0 $2,074 $0 $0

$200,000 0.0 $0 $200,000 $0 $0

W $200,000 0.0 $0 $200,000 $0 $0

WA $200,000 0.0 $0 $200,000 $0 $0

$200,000 0.0 $0 $200,000 $0 $0

$200,000 0.0 $0 $200,000 $0 $0$200,000 0.0 $0 $200,000 $0 $0

WA $200,000 0.0 $0 $200,000 $0 $0

WFY 2016-17 Initial Appropriation










FY 2017-18 Request


Promotion and CorrespondenceFY 2014-15 Actual




FY 2015-16 Actual

W


SB 15-234 General Appropriation Act (FY 2015-16)




Long Bill Line Item



W $57,189 0.0 $0 $57,189 $0 $0

$57,189 0.0 $0 $57,189 $0 $0$55,456 0.0 $0 $55,456 $0 $0

$1,733 0.0 $0 $1,733 $0 $0

P $57,189 0.0 $0 $57,189 $0 $0

W $57,189 0.0 $0 $57,189 $0 $0

$57,189 0.0 $0 $57,189 $0 $0

$57,189 0.0 $0 $57,189 $0 $0

$0 0.0 $0 $0 $0 $0

$58,922 0.0 $0 $58,922 $0 $0

W $58,922 0.0 $0 $58,922 $0 $0

WA $58,922 0.0 $0 $58,922 $0 $0

$58,922 0.0 $0 $58,922 $0 $0($1,975) 0.0 $0 ($1,975) $0 $0

$56,947 0.0 $0 $56,947 $0 $0$56,947 0.0 $0 $56,947 $0 $0

WA $56,947 0.0 $0 $56,947 $0 $0


TA-05 UP Leased Space










FY 2015-16 Actual





Leased SpaceFY 2014-15 Actual






Long Bill Line Item



W $800,000 0.0 $0 $800,000 $0 $0P $145,848 0.0 $0 $145,848 $0 $0

$945,848 0.0 $0 $945,848 $0 $0$945,848 0.0 $0 $945,848 $0 $0

($0) 0.0 $0 ($0) $0 $0

P $800,000 0.0 $0 $800,000 $0 $0

W $800,000 0.0 $0 $800,000 $0 $0

$239,859 0.0 $0 $239,859 $0 $0

$1,039,859 0.0 $0 $1,039,859 $0 $0

$1,039,859 0.0 $0 $1,039,859 $0 $0

($0) 0.0 $0 ($0) $0 $0

$800,000 0.0 $0 $800,000 $0 $0

W $800,000 0.0 $0 $800,000 $0 $0

WA $800,000 0.0 $0 $800,000 $0 $0

$800,000 0.0 $0 $800,000 $0 $0

$800,000 0.0 $0 $800,000 $0 $0$800,000 0.0 $0 $800,000 $0 $0

WA $800,000 0.0 $0 $800,000 $0 $0









Other Expenditure Authority Adjustments



FY 2014-15 Actual





FY 2015-16 Actual

W


Contract Auditor Services




Long Bill Line Item



$2,262,606 15.5 $0 $2,262,606 $0 $0$2,260,631 15.5 $0 $2,260,631 $0 $0

(A) Unclaimed Property ProgramFY 2016-17 Initial AppropriationFY 2017-18 Base Request



W $118,400,000 0.0 $118,400,000 $0 $0 $0

$118,400,000 0.0 $118,400,000 $0 $0 $0$118,400,000 0.0 $118,400,000 $0 $0 $0

$0 0.0 $0 $0 $0 $0

P $126,000,000 0.0 $126,000,000 $0 $0 $0

W $126,000,000 0.0 $126,000,000 $0 $0 $0

$1,141,987 0.0 $1,141,987 $0 $0 $0

$127,141,987 0.0 $127,141,987 $0 $0 $0

$127,141,987 0.0 $127,141,987 $0 $0 $0

($0) 0.0 ($0) $0 $0 $0

$142,700,000 0.0 $142,700,000 $0 $0 $0

W $142,700,000 0.0 $142,700,000 $0 $0 $0

WA $142,700,000 0.0 $142,700,000 $0 $0 $0

$142,700,000 0.0 $142,700,000 $0 $0 $0$12,833,444 0.0 $12,833,444 $0 $0 $0

$155,533,444 0.0 $155,533,444 $0 $0 $0$155,533,444 0.0 $155,533,444 $0 $0 $0

WA $155,533,444 0.0 $155,533,444 $0 $0 $0






T-01 OSPB September Revenue Forecast Adjustments







FY 2014-15 Actual






FY 2015-16 Actual



FY 2017-18 Schedule 303. Special Purposes

Long Bill Line Item

(A) Special Purposes


Senior Citizen and Disabled Veteran Property Tax Exemption




Long Bill Line Item



W $186,328,712 0.0 $0 $186,328,712 $0 $0P $14,249,126 0.0 $0 $14,249,126 $0 $0

$200,577,838 0.0 $0 $200,577,838 $0 $0$200,577,838 0.0 $0 $200,577,838 $0 $0

$0 0.0 $0 $0 $0 $0

P $196,571,562 0.0 $0 $196,571,562 $0 $0

W $196,571,562 0.0 $0 $196,571,562 $0 $0

$5,729,434 0.0 $0 $5,729,434 $0 $0

$202,300,996 0.0 $0 $202,300,996 $0 $0

$202,300,996 0.0 $0 $202,300,996 $0 $0

$0 0.0 $0 $0 $0 $0

$208,476,193 0.0 $0 $208,476,193 $0 $0

W $208,476,193 0.0 $0 $208,476,193 $0 $0

WA $208,476,193 0.0 $0 $208,476,193 $0 $0

$208,476,193 0.0 $0 $208,476,193 $0 $0

$208,476,193 0.0 $0 $208,476,193 $0 $0$208,476,193 0.0 $0 $208,476,193 $0 $0

WA $208,476,193 0.0 $0 $208,476,193 $0 $0








FY 2015-16 Actual







Highway Users Tax Fund - County Payments





FY 2014-15 Actual





Long Bill Line Item



W $127,500,676 0.0 $0 $127,500,676 $0 $0P $9,364,190 0.0 $0 $9,364,190 $0 $0

$136,864,866 0.0 $0 $136,864,866 $0 $0$136,864,866 0.0 $0 $136,864,866 $0 $0

$0 0.0 $0 $0 $0 $0

P $134,479,724 0.0 $0 $134,479,724 $0 $0

W $134,479,724 0.0 $0 $134,479,724 $0 $0

$3,868,200 0.0 $0 $3,868,200 $0 $0

$138,347,924 0.0 $0 $138,347,924 $0 $0

$138,347,924 0.0 $0 $138,347,924 $0 $0

$0 0.0 $0 $0 $0 $0

$142,254,331 0.0 $0 $142,254,331 $0 $0

W $142,254,331 0.0 $0 $142,254,331 $0 $0

WA $142,254,331 0.0 $0 $142,254,331 $0 $0

$142,254,331 0.0 $0 $142,254,331 $0 $0

$142,254,331 0.0 $0 $142,254,331 $0 $0$142,254,331 0.0 $0 $142,254,331 $0 $0

WA $142,254,331 0.0 $0 $142,254,331 $0 $0

WFY 2016-17 Initial Appropriation











FY 2017-18 Request




FY 2015-16 Actual


Highway Users Tax Fund - Municipality PaymentsFY 2014-15 Actual





Long Bill Line Item



W $2,221,828 0.0 $2,221,828 $0 $0 $0

$2,221,828 0.0 $2,221,828 $0 $0 $0$1,096,496 0.0 $1,096,496 $0 $0 $0

$1,125,332 0.0 $1,125,332 $0 $0 $0

P $2,221,828 0.0 $2,221,828 $0 $0 $0

W $2,221,828 0.0 $2,221,828 $0 $0 $0

$2,221,828 0.0 $2,221,828 $0 $0 $0

$24,209 0.0 $24,209 $0 $0 $0

$2,197,619 0.0 $2,197,619 $0 $0 $0

$2,221,828 0.0 $2,221,828 $0 $0 $0

W $2,221,828 0.0 $2,221,828 $0 $0 $0

WA $2,221,828 0.0 $2,221,828 $0 $0 $0

$2,221,828 0.0 $2,221,828 $0 $0 $0

$2,221,828 0.0 $2,221,828 $0 $0 $0$2,221,828 0.0 $2,221,828 $0 $0 $0

WA $2,221,828 0.0 $2,221,828 $0 $0 $0











FY 2015-16 Actual





Propery Tax Reimbursement for Property Destroyed by NatureFY 2014-15 Actual






Long Bill Line Item



P $17,773,050 0.0 $5,781,075 $11,991,975 $0 $0

W $17,773,050 0.0 $5,781,075 $11,991,975 $0 $0

$17,773,050 0.0 $5,781,075 $11,991,975 $0 $0

$17,764,809 0.0 $5,772,834 $11,991,975 $0 $0

$8,241 0.0 $8,241 $0 $0 $0

$17,775,175 0.0 $0 $0 $17,775,175 $0

W $17,775,175 0.0 $0 $0 $17,775,175 $0

WA $17,775,175 0.0 $0 $0 $17,775,175 $0

$17,775,175 0.0 $0 $0 $17,775,175 $0

($2,150) 0.0 $0 $0 ($2,150) $0

$17,773,025 0.0 $0 $0 $17,773,025 $0$17,773,025 0.0 $0 $0 $17,773,025 $0

WA $17,773,025 0.0 $0 $0 $17,773,025 $0




TA-06 Lease Purchase 23-19.9-102, C.R.S. COP Adjustment








Lease Purchase of Academic Facilities (23-19.9-102, C.R.S.)

FY 2015-16 Actual

W






Long Bill Line Item



$500,000 0.0 $0 $500,000 $0 $0

$500,000 0.0 $0 $500,000 $0 $0$500,000 0.0 $0 $500,000 $0 $0

WA $500,000 0.0 $0 $500,000 $0 $0

$513,427,527 0.0 $144,921,828 $350,730,524 $17,775,175 $0$526,758,821 0.0 $157,755,272 $351,230,524 $17,773,025 $0

TA-08 Annualize SB 16-035



(A) Special PurposesFY 2016-17 Initial AppropriationFY 2017-18 Base Request

Public School Fund Investment Board 22-41-102.5

FY 2017-18 Request


Position Code Position Type Expenditures FTE Expenditures FTE Expenditures FTE Expenditures FTEState Treasurer $68,500 1.0 $68,500 1.0 $68,500 1.0 $68,500 1.0Deputy State Treasurer $107,363 1.0 $111,108 1.0 $111,108 1.0 $111,108 1.0

H8H3XX Investment Officer III $116,935 1.0 $108,164 0.9 $99,970 0.8 $119,964 1.0H8H2XX Investment Officer II $193,385 1.9 $96,843 1.0 $101,004 1.0 $101,004 1.0H8H1XX Investment Officer I $0 0.0 $38,117 0.6 $78,390 1.2 $62,580 1.0H6G8XX Management $121,524 1.0 $124,209 1.0 $122,736 1.0 $122,736 1.0H6G4XX General Professional IV $75,535 1.0 $77,381 1.0 $0 0.0 $0 0.0H1B4XX Administrator IV $0 0.0 $0 0.0 $85,550 1.0 $153,570 2.0H8C2XX Controller II $88,032 1.0 $89,260 1.0 $90,516 1.0 $90,516 1.0H8B3XX Accounting Tech III $52,682 1.3 $42,348 1.0 $84,444 2.0 $84,444 2.0H8B2XX Accounting Tech II $35,913 1.0 $36,624 1.0 $36,624 1.0 $36,624 1.0G3A4XX Administrative Asst III $40,740 1.0 $40,569 1.0 $41,892 1.0 $41,892 1.0H8A3XX Accountant III $86,628 1.0 $82,686 1.0 $76,656 1.0 $76,656 1.0H8A2XX Accountant II $68,287 1.0 $43,835 0.7 $61,000 1.0 $61,000 1.0H8A1XX Accountant I $56,189 1.2 $89,990 1.9 $93,048 2.0 $93,048 2.0

$1,111,713 14.3 $1,049,634 14.0 $1,151,438 16.0 $1,223,642 17.0$115,767 N/A $105,885 N/A $116,871 N/A $124,200 N/A

$14,422 N/A $13,322 N/A $16,696 N/A $17,743 N/A$0 N/A $0 N/A $0 N/A $0 N/A$0 N/A $0 N/A $0 N/A $0 N/A

$21,110 N/A $17,407 N/A $0 N/A $0 N/A$42,675 N/A $27,932 N/A $20,000 N/A $20,000 N/A$71,616 N/A $81,271 N/A $74,172 N/A $0 N/A

$0 N/A $0 N/A $0 N/A $0 N/A$14,327 N/A $13,531 N/A $20,607 N/A $14,199 N/A($6,805) N/A $1,056 N/A $0 N/A $0 N/A

$273,112 0.0 $260,404 0.0 $248,346 0.0 $176,142 0.0

$0 N/A $0 N/A$6,427 N/A $59,935 N/A

$0 N/A $0 N/A $0 N/A$1,391,252 14.3 $1,369,973 14.0 $1,399,784 16.0 $1,399,784 17.0

1,391,252 16.4 1,403,501 16.4 1,399,784 17.4 1,399,784 17.4

0 2.1 33,528 2.4 0 1.4 0 0.4

FY 2017-18Base RequestPersonal Services FY 2014-15

ActualFY 2015-16

ActualFY 2016-17

Estimate

DEPARTMENT OF TREASURY FY 2017-18Administration Position and Object Code Detail

Total Expenditures for Line Item

Overtime WagesShift Differential Wages

Temporary Services Employees

State Employees Reserve Fund Reversions

Total Full and Part-time Employee ExpendituresPERA ContributionsMedicare

Total Spending Authority for Line Item

Amount Under/(Over) Expended

State Temporary EmployeesSick and Annual Leave PayoutsContract ServicesFurlough Wages

Net Payroll ShiftTotal Temporary, Contract, and Other ExpendituresPots Expenditures (excluding Salary Survey and Performance-based Pay already included above)

Roll Forwards


Object Code Object Code Description FY 2014-15Actual

FY 2015-16Actual

FY 2016-17Estimate

FY 2017-18Base Request

1920 Personal Svcs - Professional $0 $0 $10,000 $10,0002230 Equip Maintenance/Repair Svcs $500 $440 $500 $5002259 Parking Fee Reimbursement $0 $19 $0 $02260 Rental of IT Equip - PCs $62,691 $65,609 $66,409 $66,4092510 In-State Travel $728 $650 $3,500 $3,5002511 In-State Common Carrier Fares $0 $635 $0 $02513 In-State Pers Veh Reimbursement $1,234 $1,922 $3,500 $3,5002530 Out-of-State Travel $2,310 $2,420 $5,000 $5,0002531 OS Common Carrier Fares $1,054 $1,411 $5,000 $5,0002630 Comm Svcs from Div of Telecom $9,361 $9,899 $10,000 $10,0002631 Comm Svcs from Outside Sources $1,299 $913 $1,000 $1,0002660 Insurance, Other than Emp Benefits $3,500 $3,500 $3,500 $3,5002680 Printing/Reproduction Services $5,989 $4,645 $11,000 $11,0002820 Other Purchased Services $2,200 $3,113 $3,100 $3,1003120 Books/Periodicals/Subscriptions $63,389 $21,592 $12,757 $12,7573121 Office Supplies $2,204 $1,829 $2,678 $2,6783123 Postage $7,163 $8,319 $8,500 $8,5003132 Noncap Office Furn/Office Syst $0 $2,150 $0 $04100 Other Operating Expenses $972 $920 $1,000 $1,0004140 Dues and Memberships $7,370 $8,350 $10,000 $10,0004220 Registration Fees $2,400 $2,133 $5,000 $5,000

$174,364 $140,469 $162,444 $162,444$0 $0 $0 $0

$10,370 $15,348 N/A N/A$0 $0 $0 $0

$184,734 $155,817 $162,444 $162,444

$184,734 $155,817 $162,444 $162,444

$0 $0 $0 $0

Operating Expenses

DEPARTMENT OF TREASURY FY 2017-18Administration Position and Object Code Detail

Total Expenditures Denoted in Object CodesTransfers

Roll ForwardsTotal Expenditures for Line Item



State Employees Reserve Fund Reversions


Position Code Position Type Expenditures FTE Expenditures FTE Expenditures FTE Expenditures FTEState Treasurer $68,500 1.0 $68,500 1.0 $68,500 1.0 $68,500 1.0 Deputy State Treasurer $107,363 1.0 $111,108 1.0 $111,108 1.0 $111,108 1.0

H8H3XX Investment Officer III $116,935 1.0 $108,164 0.9 $99,970 0.8 $119,964 1.0 H8H2XX Investment Officer II $193,385 1.9 $96,843 1.0 $101,004 1.0 $101,004 1.0 H8H1XX Investment Officer I $0 - $38,117 0.6 $78,390 1.2 $62,580 1.0 H6G8XX Management $121,524 1.0 $124,209 1.0 $122,736 1.0 $122,736 1.0 H6G4XX General Professional IV $75,535 1.0 $77,381 1.0 $0 - $0 - H1B4XX Administrator IV $0 - $0 - $85,550 1.0 $153,570 2.0 H8C2XX Controller II $88,032 1.0 $89,260 1.0 $90,516 1.0 $90,516 1.0 H8B3XX Accounting Tech III $52,682 1.3 $42,348 1.0 $84,444 2.0 $84,444 2.0 H8B2XX Accounting Tech II $35,913 1.0 $36,624 1.0 $36,624 1.0 $36,624 1.0 G3A4XX Administrative Asst III $40,740 1.0 $40,569 1.0 $41,892 1.0 $41,892 1.0 H8A3XX Accountant III $86,628 1.0 $82,686 1.0 $76,656 1.0 $76,656 1.0 H8A2XX Accountant II $68,287 1.0 $43,835 0.7 $61,000 1.0 $61,000 1.0 H8A1XX Accountant I $56,189 1.2 $89,990 1.9 $93,048 2.0 $93,048 2.0

$1,111,713 14.3 $1,049,634 14.0 $1,151,438 16.0 $1,223,642 17.0$115,767 N/A $105,885 N/A $116,871 N/A $124,200 N/A$14,422 N/A $13,322 N/A $16,696 N/A $17,743 N/A

$0 N/A $0 N/A $0 N/A $0 N/A$0 N/A $0 N/A $0 N/A $0 N/A

$21,110 N/A $17,407 N/A $0 N/A $0 N/A$42,675 N/A $27,932 N/A $20,000 N/A $20,000 N/A$71,616 N/A $81,271 N/A $74,172 N/A $0 N/A

$0 N/A $0 N/A $0 N/A $0 N/ATemporary Services Employees $14,327 N/A $13,531 N/A $20,607 N/A $14,199 N/A

($6,805) N/A $1,056 N/A $0 N/A $0 N/A$273,112 N/A $260,404 N/A $248,346 N/A $176,142 N/A

$0 N/A $0 N/A$0 N/A $0 N/A $0 N/A

$1,384,825 14.3 $1,310,038 14.0 $1,399,784 16.0 $1,399,784 17.0

FY 2017-18Administration Position and Object Code Detail

FY 2014-15Actual

FY 2015-16Actual

FY 2016-17Estimate


PERA ContributionsMedicare


Personal Services

Total Full and Part-time Employee Expenditures

Total Personal Services Expenditures for Line Item

Overtime WagesShift Differential WagesState Temporary EmployeesSick and Annual Leave PayoutsContract ServicesFurlough Wages

Other Expenditures: Net Payroll ShiftTotal Temporary, Contract, and Other ExpendituresPots Expenditures (excluding Salary Survey and Performance-based Pay already included above)Roll Forwards


FY 2017-18Administration Position and Object Code Detail

FY 2014-15Actual

FY 2015-16Actual

FY 2016-17Estimate



1920 Personal Svcs - Professional2230 Equip Maintenance/Repair Svcs2259 Parking Fee Reimbursement2260 Rental of IT Equip - PCs2510 In-State Travel2511 In-State Common Carrier Fares2513 In-State Pers Veh Reimbursement2530 Out-of-State Travel2531 OS Common Carrier Fares2630 Comm Svcs from Div of Telecom2631 Comm Svcs from Outside Sources2660 Insurance, Other than Emp Benefits2680 Printing/Reproduction Services2820 Other Purchased Services3120 Books/Periodicals/Subscriptions3121 Office Supplies3123 Postage3132 Noncap Office Furn/Office Syst4100 Other Operating Expenses4140 Dues and Memberships4220 Registration Fees

Roll Forwards1,575,986 14.3 1,525,790 14.0 1,562,228 16.0 1,562,228 17.0 1,575,986 16.4 1,559,318 16.4 1,562,228 17.4 1,562,228 17.4

0 2.1 33,528 2.4 0 1.4 0 0.4

$9,361 $9,899 $10,000

$0 $2,150 $0

$8,350

N/A

$0 $0

$2,204 $1,829$63,389

$3,500

$1,234 $1,922 $3,500

State Employees Reserve Fund Reversions $16,797 $75,283 N/A

$21,592 $12,757

$635

Operating Expenses$10,000

$500 $440 $500 $500$0 $0 $10,000

$3,500$0

$0 $19 $0 $0$62,691 $65,609 $66,409 $66,409

$2,310 $2,420 $5,000 $5,000

$728 $650 $3,500

$10,000$1,054 $1,411 $5,000 $5,000

$3,500 $3,500 $3,500 $3,500$1,299 $913 $1,000 $1,000

$2,200 $3,113 $3,100 $3,100$5,989 $4,645 $11,000 $11,000

$2,678 $2,678$7,163 $8,319 $8,500 $8,500

$12,757

$0$972 $920 $1,000 $1,000

$2,400 $2,133 $5,000 $5,000$7,370 $10,000 $10,000

Total Expenditures Denoted in Object Codes $174,364 $140,469 $162,444 $162,444



$0 $0$0 $0Total Expenditures for Line Item


Position Code Position Type Expenditures FTE Expenditures FTE Expenditures FTE Expenditures FTEH6G6XX General Professional VI $109,692 1.0 $112,113 1.0 $0 0.0 $0 0.0H1A6XX Program Management II $0 0.0 $0 0.0 $110,784 1.0 $110,784 1.0H6G4XX General Professional IV $75,240 1.0 $77,052 1.0 $0 0.0 $0 0.0H1B4XX Administrator IV $0 0.0 $0 0.0 $77,052 1.0 $77,052 1.0H4R1XX Program Assistant I $43,691 0.8 $46,572 0.9 $46,572 0.9 $54,790 1.0G3A4XX Admin Assistant III $41,820 1.0 $42,996 1.0 $42,996 1.0 $42,996 1.0G3A3XX Admin Assistant II $95,992 2.8 $100,655 2.9 $101,938 2.9 $105,684 3.0G3A2TX Admin Assistant I $128,738 4.6 $122,267 4.2 $129,114 4.5 $129,114 4.5H8D5XX Auditor IV $90,432 1.0 $92,796 1.0 $92,796 1.0 $92,796 1.0H8D3XX Auditor II $69,212 1.0 $69,767 1.0 $68,940 1.0 $68,940 1.0H8D2XX Auditor I $44,164 1.0 $46,548 1.0 $46,548 1.0 $46,548 1.0H8D1IX Audit Intern $38,724 1.0 $27,121 0.7 $38,928 1.0 $38,928 1.0

$737,705 15.1 $737,887 14.6 $755,668 15.3 $767,632 15.5$71,217 N/A $70,969 N/A $76,700 N/A $77,915 N/A$10,174 N/A $10,154 N/A $10,957 N/A $11,131 N/A

$0 N/A $0 N/A $0 N/A $0 N/A$0 N/A $0 N/A $0 N/A $0 N/A$0 N/A $0 N/A $0 N/A $0 N/A$0 N/A $292 N/A $0 N/A $0 N/A$0 N/A $0 N/A $0 N/A $0 N/A$0 N/A $0 N/A $0 N/A $0 N/A

$29,557 N/A $41,535 N/A $23,740 N/A $10,387 N/A$110,948 0.0 $122,950 0.0 $111,397 0.0 $99,433 0.0

$0 N/A $0 N/A$0 N/A $0 N/A $0 N/A

$848,653 15.1 $860,837 14.6 $867,065 15.3 $867,065 15.5

850,722 15.5 869,221 15.5 867,065 15.5 867,065 15.5

2,069 0.4 8,384 0.9 0 0.3 0 0.0


Overtime WagesShift Differential Wages

DEPARTMENT OF TREASURY FY 2017-18Unclaimed Property Position and Object Code DetailPersonal Services FY 2014-15

ActualFY 2015-16

ActualFY 2016-17

Estimate

Total Full and Part-time Employee ExpendituresPERA ContributionsMedicare


State Temporary EmployeesSick and Annual Leave PayoutsContract ServicesFurlough WagesTemporary Services EmployeesTotal Temporary, Contract, and Other ExpendituresPots Expenditures (excluding Salary Survey and Performance-based Pay already included above)Roll ForwardsTotal Expenditures for Line Item



Object Code Object Code Description FY 2014-15Actual

FY 2015-16Actual

FY 2016-17Estimate


2230 Equip Maintenance/Repair Svcs $957 $1,189 $1,200 $1,2002510 In-State Travel $489 $119 $500 $5002513 In-State Pers Veh Reimbursement $1,248 $1,680 $1,500 $1,5002630 Comm Svcs from Div of Telecom $9,172 $10,860 $11,000 $11,0002641 Other ADP Billings-Purch Svcs $41,250 $41,250 $250,000 $250,0002680 Printing/Reproduction Services $4,774 $7,889 $8,000 $8,0002820 Other Purchased Services $597 $2,878 $3,000 $3,0003120 Books/Periodicals/Subscription $2,882 $2,346 $2,500 $2,5003121 Office Supplies $3,259 $2,862 $2,519 $2,5193123 Postage $51,032 $52,402 $52,500 $52,5003140 Noncapitalized Information Technology $30 $973 $1,000 $1,0004100 Other Operating Expenses $56 $0 $0 $04140 Dues and Memberships $2,250 $2,250 $2,400 $2,4004220 Registration Fees $405 $0 $500 $500

$118,401 $126,698 $336,619 $336,619$0 $0 $0 $0$0 $0 $0 $0

$118,401 $126,698 $336,619 $336,619

$162,169 $414,932 $336,619 $336,619

$43,768 $288,234 $0 $0

Operating Expenses

DEPARTMENT OF TREASURY FY 2017-18Unclaimed Property Position and Object Code Detail

Total Expenditures Denoted in Object CodesTransfersRoll ForwardsTotal Expenditures for Line Item




Position Code Position Type Expenditures FTE Expenditures FTE Expenditures FTE Expenditures FTEH6G6XX General Professional VI $109,692 1.0 $112,113 1.0 $0 0.0 $0 0.0H1A6XX Program Management II $0 0.0 $0 0.0 $110,784 1.0 $110,784 1.0H6G4XX General Professional IV $75,240 1.0 $77,052 1.0 $0 0.0 $0 0.0H1B4XX Administrator IV $0 0.0 $0 0.0 $77,052 1.0 $77,052 1.0H4R1XX Program Assistant I $43,691 0.8 $46,572 0.9 $46,572 0.9 $54,790 1.0G3A4XX Admin Assistant III $41,820 1.0 $42,996 1.0 $42,996 1.0 $42,996 1.0G3A3XX Admin Assistant II $95,992 2.8 $100,655 2.9 $101,938 2.9 $105,684 3.0G3A2TX Admin Assistant I $128,738 4.6 $122,267 4.2 $129,114 4.5 $129,114 4.5H8D5XX Auditor IV $90,432 1.0 $92,796 1.0 $92,796 1.0 $92,796 1.0H8D3XX Auditor II $69,212 1.0 $69,767 1.0 $68,940 1.0 $68,940 1.0H8D2XX Auditor I $44,164 1.0 $46,548 1.0 $46,548 1.0 $46,548 1.0H8D1IX Audit Intern $38,724 1.0 $27,121 0.7 $38,928 1.0 $38,928 1.0

$737,705 15.1 $737,887 14.6 $755,668 15.3 $767,632 15.5$71,217 N/A $70,969 N/A $76,700 N/A $77,915 N/A$10,174 N/A $10,154 N/A $10,957 N/A $11,131 N/A

$0 N/A $0 N/A $0 N/A $0 N/A$0 N/A $0 N/A $0 N/A $0 N/A$0 N/A $0 N/A $0 N/A $0 N/A$0 N/A $292 N/A $0 N/A $0 N/A$0 N/A $0 N/A $0 N/A $0 N/A$0 N/A $0 N/A $0 N/A $0 N/A

$29,557 N/A $41,535 N/A $23,740 N/A $10,387 N/A$110,948 N/A $122,950 N/A $111,397 N/A $99,433 N/A

$0 N/A $0 N/A$0 N/A $0 N/A $0 N/A

$848,653 15.1 $860,837 14.6 $867,065 15.3 $867,065 15.5


FY 2014-15Actual


Personal Services

Shift Differential WagesState Temporary Employees

FY 2015-16Actual

FY 2016-17Estimate

Total Full and Part-time Employee ExpendituresPERA ContributionsMedicareOvertime Wages

Sick and Annual Leave PayoutsContract ServicesFurlough WagesTemporary Services EmployeesTotal Temporary, Contract, and Other ExpendituresPots Expenditures (excluding Salary Survey and Performance-based Pay already included above)Roll ForwardsTotal Personal Services Expenditures for Line Item



FY 2014-15Actual


FY 2015-16Actual

FY 2016-17Estimate

2230 Equip Maintenance/Repair Svcs2510 In-State Travel2513 In-State Pers Veh Reimbursement2630 Comm Svcs from Div of Telecom2641 Other ADP Billings-Purch Svcs2680 Printing/Reproduction Services2820 Other Purchased Services3120 Books/Periodicals/Subscription3121 Office Supplies3123 Postage3140 Noncapitalized Information Technolog4100 Other Operating Expenses4140 Dues and Memberships4220 Registration Fees

967,054 15.1 987,535 14.6 1,203,684 15.3 1,203,684 15.5 1,012,891 15.5 1,284,153 15.5 1,203,684 15.5 1,203,684 15.5

45,837 0.4 296,618 0.9 0 0.3 0 0.0

$11,000

$119

$30 $973 $1,000 $1,000

$1,248 $1,680 $1,500 $1,500

$41,250

$1,200$500 $500

Operating Expenses$957 $1,189 $1,200$489

$9,172 $10,860 $11,000$250,000 $250,000

$4,774 $7,889 $8,000 $8,000$41,250

$597 $2,878 $3,000 $3,000

$56

$2,346 $2,500 $2,500$3,259 $2,862 $2,519 $2,519$2,882

$0

$51,032 $52,402 $52,500 $52,500

$0 $0



$2,250 $2,250 $2,400 $2,400

Total Expenditures Denoted in Object Codes $118,401Total Expenditures for Line Item

$126,698 $336,619 $336,619$405 $0 $500 $500


CORE Fund Code CORE Fund Name

ddi General Fund Cash Funds

Reappropriated Funds Federal Funds

01 1000 General Fund - Unrestricted C

#S $0 $945,868 $0 $0

1000 General Fund - Unrestricted G#S $379,916 $0 $0 $0

8270 Unclaimed Property Fund C#S $0 $65,468 $0 $0

$379,916 $1,011,336 $0 $0

01 1000 General Fund - Unrestricted G

#S $110,313 $0 $0 $0


$110,313 $112,795 $0 $0


#S $2,198 $0 $0 $0


$2,198 $1,840 $0 $0

W01 1000 General Fund - Unrestricted G

SY $40,833 $0 $0 $0

8270 Unclaimed Property Fund CSY $0 $33,163 $0 $0

$40,833 $33,163 $0 $0

Department of Treasury Schedule 4

Long Bill Line Item


Subtotal Personal Services



01. Administration

Personal Services

Personal Services

Personal Services

Subtotal Short-term Disability

Amortization Equalization DisbursementAmortization Equalization Disbursement

Subtotal Health, Life, and Dental

Short-term Disability


Subtotal Amortization Equalization Disbursement






Long Bill Line Item



SY $38,281 $0 $0 $0


$38,281 $31,026 $0 $0


SY $2,793 $0 $0 $0

$2,793 $0 $0 $0


#S $184,734 $0 $0 $0

$184,734 $0 $0 $0


SY $5,124 $0 $0 $0


$5,124 $6,213 $0 $0


#S $8,799 $0 $0 $0

8270 Unclaimed Property Fund C#S $0 $961 $0 $0

$8,799 $961 $0 $0

Subtotal Supplemental Amortization Equalization Disbursement


Subtotal Workers' Comp and Payment to Risk Mgmt and Prop Funds

Supplemental Amortization Equalization DisbursementSupplemental Amortization Equalization Disbursement

Information Technology Asset MaintenanceInformation Technology Asset Maintenance

Subtotal Information Technology Asset Maintenance

Operating ExpensesSubtotal Operating Expenses

Legal Services

Legal ServicesSubtotal Legal Services






Long Bill Line Item



#S $53,766 $0 $0 $0

$53,766 $0 $0 $0


#S $60,629 $0 $0 $0

$60,629 $0 $0 $0


#S $43,441 $0 $0 $0


$43,441 $53,096 $0 $0

W01 17F0

Charter School Financing Administration Fund C

SY $0 $3,861 $0 $0

$0 $3,861 $0 $0


#S $3,530 $0 $0 $0

$3,530 $0 $0 $0

Capitol Complex Leased SpaceSubtotal Capitol Complex Leased Space

Payments to OIT

Subtotal COFRS Modernization

Charter School Facilities Financing Services

Subtotal Charter School Facilities Financing Services

Subtotal Payments to OIT

COFRS Modernization

COFRS Modernization

Discretionary FundSubtotal Discretionary Fund






Long Bill Line Item


02 8270 Unclaimed Property Fund C

#S $0 $848,653 $0 $0

$0 $848,653 $0 $0


#S $0 $118,401 $0 $0

$0 $118,401 $0 $0

W02 8270 Unclaimed Property Fund C

SY $0 $197,795 $0 $0

$0 $197,795 $0 $0


#S $0 $55,456 $0 $0

$0 $55,456 $0 $0


#S $0 $945,848 $0 $0

$0 $945,848 $0 $0


Personal ServicesSubtotal Personal Services

Subtotal Promotion and Correspondence

Leased SpaceSubtotal Leased Space


Promotion and Correspondence

Contract Auditor ServicesSubtotal Contract Auditor Services






Long Bill Line Item



#SY $118,400,000 $0 $0 $0

$118,400,000 $0 $0 $0

W03 4050 Highway Users Tax Fund C

SY $0 $200,577,838 $0 $0

$0 $200,577,838 $0 $0


SY $0 $136,864,866 $0 $0

$0 $136,864,866 $0 $0


#SY $1,096,496 $0 $0 $0

$1,096,496 $0 $0 $0



Subtotal Senior Citizen and Disabled Veteran Property Tax Exemption

Propery Tax Reimbursement for Property Destroyed by Nature

Subtotal Propery Tax Reimbursement for Property Destroyed by Nature


Subtotal Highway Users Tax Fund - County Payments

Highway Users Tax Fund - Municipality Payments

Subtotal Highway Users Tax Fund - Municipality Payments





01 1000 General Fund - Unrestricted C

#S $0 $853,960 $0 $0

1000 General Fund - Unrestricted G#S $450,545 $0 $0 $0


$450,545 $919,428 $0 $0


#S $130,196 $0 $0 $0


$130,196 $108,128 $0 $0


#S $2,749 $0 $0 $0


$2,749 $1,398 $0 $0


SY $54,955 $0 $0 $0


$54,955 $30,726 $0 $0

01. Administration

Personal Services

Personal Services

Personal Services


Long Bill Line Item
















Long Bill Line Item



SY $53,082 $0 $0 $0


$53,082 $29,667 $0 $0


SY $2,682 $0 $0 $0

$2,682 $0 $0 $0


#S $155,817 $0 $0 $0

$155,817 $0 $0 $0


SY $5,619 $0 $0 $0


$5,619 $6,284 $0 $0


#S $20,879 $0 $0 $0

8270 Unclaimed Property Fund C#S $0 $343 $0 $0

$20,879 $343 $0 $0



Subtotal Supplemental Amortization Equalization Disbursement


Subtotal Workers' Comp and Payment to Risk Mgmt and Prop Funds

Legal Services


Information Technology Asset MaintenanceInformation Technology Asset Maintenance







Long Bill Line Item



#S $76,324 $0 $0 $0

$76,324 $0 $0 $0


#S $31,277 $0 $0 $0

$31,277 $0 $0 $0


#S $38,536 $0 $0 $0


$38,536 $47,099 $0 $0

W01 17F0

Charter School Financing Administration Fund C

SY $0 $4,070 $0 $0

$0 $4,070 $0 $0


#S $1,271 $0 $0 $0

$1,271 $0 $0 $0


CORE Operations

CORE Operations

Capitol Complex Leased SpaceSubtotal Capitol Complex Leased Space

Payments to OIT


Subtotal CORE Operations








Long Bill Line Item



#S $0 $860,837 $0 $0

$0 $860,837 $0 $0


#S $0 $126,698 $0 $0

$0 $126,698 $0 $0

W02 8270 Unclaimed Property Fund C

SY $0 $197,926 $0 $0

$0 $197,926 $0 $0


#S $0 $57,189 $0 $0

$0 $57,189 $0 $0


#S $0 $1,039,859 $0 $0

$0 $1,039,859 $0 $0





Contract Auditor ServicesSubtotal Contract Auditor Services








Long Bill Line Item



#SY $127,141,987 $0 $0 $0

$127,141,987 $0 $0 $0


SY $0 $202,300,996 $0 $0

$0 $202,300,996 $0 $0


SY $0 $138,347,924 $0 $0

$0 $138,347,924 $0 $0


#SY $24,209 $0 $0 $0

$24,209 $0 $0 $0


SY $5,772,834 $0 $0 $0

3600Higher Education Institutions Lease-Purchase Cash Fund C

SY $0 $11,991,975 $0 $0

$5,772,834 $11,991,975 $0 $0






Subtotal Senior Citizen and Disabled Veteran Property Tax Exemption



Subtotal Propery Tax Reimbursement for Property Destroyed by Nature

Lease Purchase of Academic Facilities (23-19.9-102, C.R.S.)Lease Purchase of Academic Facilities (23-19.9-102, C.R.S.)

Subtotal Lease Purchase of Academic Facilities (23-19.9-102, C.R.S.)



Additional Fund 1000 Information General Fund Cash Funds


0100 1000 General Fund - Unrestricted

G_LGeneral Fund subject to the Limit $446,828 $0 $0 $0

1000 General Fund - Unrestricted CCash Funds $0 $887,488 $0 $0

8270 Unclaimed Property Fund C $0 $65,468 $0 $0$446,828 $952,956 $0 $0







01. Administration

Personal Services

Personal Services

Personal Services


Long Bill Line Item














Long Bill Line Item










$2,653 $0 $0 $0



$162,444 $0 $0 $0





Subtotal Supplemental Amortization Equalization Disbursem


Subtotal Workers' Comp and Payment to Risk Mgmt and Pro






Long Bill Line Item










$57,670 $0 $0 $0



$44,493 $0 $0 $0

Legal Services






Capitol Complex Leased Space

Subtotal Capitol Complex Leased Space

Payments to OIT






Long Bill Line Item





0100 17F0

Charter School Financing Administration Fund C $0 $5,000 $0 $0

$0 $5,000 $0 $0



$5,000 $0 $0 $0

CORE Operations

CORE Operations










Long Bill Line Item


W02 8270 Unclaimed Property Fund C $0 $867,065 $0 $0

$0 $867,065 $0 $0


$0 $336,619 $0 $0


$0 $200,000 $0 $0


$0 $58,922 $0 $0


$0 $800,000 $0 $0






Subtotal Contract Auditor Services








Long Bill Line Item



G_OLGeneral Fund Outside Limit $142,700,000 $0 $0 $0

$142,700,000 $0 $0 $0

0300 4050 Highway Users Tax Fund C $0 $208,476,193 $0 $0

$0 $208,476,193 $0 $0

0300 4050 Highway Users Tax Fund C $0 $142,254,331 $0 $0

$0 $142,254,331 $0 $0


G_LGeneral Fund subject to the Limit $2,221,828 $0 $0 $0

$2,221,828 $0 $0 $0

0300 3600

Higher Education Institutions Lease-Purchase Cash Fund R $0 $0 $17,775,175 $0

$0 $0 $17,775,175 $0






Subtotal Senior Citizen and Disabled Veteran Property Tax E


Subtotal Lease Purchase of Academic Facilities (23-19.9-102



Subtotal Propery Tax Reimbursement for Property Destroyed





W010 1000

General Fund - Unrestricted


1000General Fund - Unrestricted CCash Funds $0 $887,488 $0 $0


W010 1000




W010 1000




01. Administration

Personal Services

Personal ServicesPersonal Services


Long Bill Line Item



Short-term DisabilityShort-term Disability










Long Bill Line Item


W0100 1000




010005 1000




W010 1000





Supplemental Amortization Equalization Disbursement


Amortization Equalization Disbursement


Subtotal Salary Survey

Subtotal Supplemental Amortization Equalization Disbursem

Salary SurveySalary Survey






Long Bill Line Item


W0100 1000



1000General Fund - Unrestricted

G_OLGeneral Fund Outside Limit $0 $0 $0 $0

$4,211 $0 $0 $0

W01 1000


_LGeneral Fund subject to the Limit $162,444 $0 $0 $0

$162,444 $0 $0 $0

W0100 1000









Subtotal Workers' Comp and Payment to Risk Mgmt and Pro







Long Bill Line Item


W010 1000




W010 1000




G_OGeneral Fund Outside Limit $0 $0 $0 $0

$66,982 $0 $0 $0

W010 1000



$60,095 $0 $0 $0



Subtotal Capitol Complex Leased Space

Legal ServicesLegal Services

Subtotal Legal Services

Payments to OITSubtotal Payments to OIT






Long Bill Line Item


W010 1000




G_OGeneral Fund Outside Limit $0 $0 $0 $0


W0100 17F0

Charter School Financing Administration Fund C $0 $5,000 $0 $0

$0 $5,000 $0 $0

W010 1000



$5,000 $0 $0 $0

CORE Operations

CORE OperationsCORE Operations










Long Bill Line Item



$0 $867,065 $0 $0


$0 $336,619 $0 $0


$0 $200,000 $0 $0


$0 $56,947 $0 $0


$0 $800,000 $0 $0


Subtotal Operating Expenses




Operating Expenses


Subtotal Contract Auditor Services







Long Bill Line Item


030001 1000


G_OLGeneral Fund Outside Limit $155,533,444 $0 $0 $0

$155,533,444 $0 $0 $0

W0300 4050 Highway Users Tax Fund C $0 $208,476,193 $0 $0

$0 $208,476,193 $0 $0

W0300 4050 Highway Users Tax Fund C $0 $142,254,331 $0 $0

$0 $142,254,331 $0 $0

030004 1000


G_LGeneral Fund subject to the Limit $2,221,828 $0 $0 $0

$2,221,828 $0 $0 $0



Subtotal Senior Citizen and Disabled Veteran Property Tax E






Subtotal Propery Tax Reimbursement for Property Destroye






Long Bill Line Item


W0300 3600

Higher Education Institutions Lease-Purchase Cash Fund R $0 $0 $17,773,025 $0

3600

Higher Education Institutions Lease-Purchase Cash Fund

R_R_ $0 $0 $0 $0

$0 $0 $17,773,025 $0

W0300 7050 School Fund C $0 $500,000 $0 $0

$0 $500,000 $0 $0



Subtotal Lease Purchase of Academic Facilities (23-19.9-102


Subtotal Public School Fund Investment Board 22-41-102.5



10008270

10008270

10008270


Long Bill Line ItemAdditional Fund 1000 Information General Fund Cash Funds


01. Administration


0

TA-07 FY 2017-18 Total Compensation Request G General Fund - Unrestricted

General Fund subject to the Limit $11,340 $0 $0 $0

C Unclaimed Property Fund $0 $30,977 $0 $0TA-07 FY 2017-18 Total Compensation Request $11,340 $30,977 $0 $0

General Fund subject to the Limit $80 $0 $0

$0 ($6) $0 $0


0


TA-07 FY 2017-18 Total Compensation Request $80 ($6) $0

$0C Unclaimed Property Fund

$0

General Fund - UnrestrictedGeneral Fund subject to the Limit $6,162 $0


0

TA-07 FY 2017-18 Total Compensation Request G $0 $0







10008270

10008270

1000

General Fund subject to the Limit $6,761 $0 $0

$0 $2,746 $0 $0


0


TA-07 FY 2017-18 Total Compensation Request $6,761 $2,746 $0

$0C Unclaimed Property Fund

$0

General Fund - UnrestrictedGeneral Fund subject to the Limit $33,997 $0

Salary Survey

0

TA-07 FY 2017-18 Total Compensation Request G $0 $0


$0$0


0

TA-01 Payment to Risk Management and Property Funds G General Fund - Unrestricted

General Fund subject to the Limit

TA-01 Payment to Risk Management and Property Funds $1,558 $0 $0$0 $0$1,558






10008270

1000

1000

1000

1000

$0$1,210 $0 $0

Legal Services

0TA-09 Legal Rate Change G

C Unclaimed Property FundGeneral Fund - Unrestricted


$0TA-09 Legal Rate Change $1,210 $1,209 $0 $0

$0 $1,209 $0


0TA-02 Capitol Complex Leased Space G General Fund - Unrestricted

General Fund subject to the Limit $9,312 $0 $0 $0

TA-02 Capitol Complex Leased Space $9,312 $0 $0 $0

Payments to OIT

0TA-04 Payments to OIT G General Fund - UnrestrictedGeneral Fund subject to the Limit $10,873 $0 $0 $0

TA-04 Payments to OIT $10,873 $0 $0 $0

$0R-01 OIT_Secure Colorado $3,378 $0 $0 $00R-01 OIT_Secure Colorado G General Fund - Unrestricted $0

General Fund subject to the Limit $3,378 $0

R-02 OIT_Deskside G General Fund - UnrestrictedGeneral Fund subject to the Limit

$0$0 $0 $0

$0$1,351

R-02 OIT_Deskside $1,351 $0






10008270

8270

1000

$4,011 $0$0 $0

CORE Operations

0TA-03 CORE Operations G

C Unclaimed Property FundGeneral Fund - Unrestricted


$0TA-03 CORE Operations $4,011 $4,902 $0 $0

$0 $4,902 $0


Leased Space

0TA-05 UP Leased Space C Unclaimed Property Fund $0 ($1,975) $0 $0

TA-05 UP Leased Space $0 ($1,975) $0 $0



0

T-01 OSPB September Revenue Forecast Adjustments G General Fund - Unrestricted

General Fund Outside Limit $12,833,444 $0 $0

T-01 OSPB September Revenue Forecast Adjustments $12,833,444 $0 $0 $0$0






3600

7050

($2,150)


0

TA-06 Lease Purchase 23-19.9-102, C.R.S. COP Adjustment R $0

TA-06 Lease Purchase 23-19.9-102, C.R.S. COP Adjustment $0 $0 ($2,150) $0$0

Higher Education Institutions Lease-Purchase Cash Fund $0


0TA-08 Annualize SB 16-035 C School Fund $0 $500,000 $0 $0

TA-08 Annualize SB 16-035 $0 $500,000 $0 $0


(1) AdministrationLine Item Name Line Item Description Statutory Citation

Personal Services Salaries and wages for all employees including contractual employees, the State contribution to the public employees retirement (PERA) fund, and the State share of federal Medicare.

C.R.S. 24-50-101 et seq.

Health, Life, and Dental State share of health, life and dental insurance. C.R.S. 24-50-601 et seq.

Short-term Disability State share of short-term disability insurance. C.R.S. 24-50-601 et seq.

Amortization Equalization Disbusement Additional State contribution to the PERA Trust Fund to amortize the unfunded liability.

C.R.S. 24-51-411

Supplemental Amortization Equalization Disbursement A contribution from the Salary Survey allocation to the PERA Trust Fund to supplement the contribution listed above.

C.R.S. 24-51-411

Salary Survey Funding for annual salary increases as determined by the Department of Personnel (DPA).

C.R.S. 24-50-104

Merit pay Funding for base pay and non-base pay awards for performance as determined by DPA.

C.R.S. 24-50-104

Workers' Compensation & Payment to Rsk Management and Property Funds

Payment to DPA for liability insurance (does not include statutorily required fidelity bond coverage for employees).

Operating Expenses General non-employee costs of daily operations including ongoing and one-time expenses.

Information Technology Asset Maintenance Annual costs to upgrade and replace computers, printers and other information technology within Treasury.

Legal Services Fees paid to the Department of Law for counsel and representation.

Capitol Complex Leased Space Payment to DPA for maintaining the space in the Capitol occupied by Treasury (4,379 sq ft).

Payments to OIT Fees paid to OIT for costs associated with statewide computer services; the multiuse network providing secure, high-speed broadband access; enterprise management and oversight, and back-office business functions; and the State’s cyber security program

CORE Operations Funding for payments to DPA for the State’s financial reporting system, Colorado Operations Resource Engine (CORE).

Colorado Department of TreasuryFY 2017-18 Budget Request

Schedule 5: Line Item to Statute


Colorado Department of TreasuryFY 2017-18 Budget Request

Schedule 5: Line Item to Statute

Charter School Facilities Financing Services Continuously appropriated moneys for the costs of administering the Charter School Intercept Program.

C.R.S. 22-30.5-406

Discretionary Fund Statutorily authorized fund for additional costs of an elected official. C.R.S. 24-9-105

(2) Unclaimed Property ProgramLine Item Name Line Item Description Statutory Citation

Personal Services 'Salaries and wages for all employees including contractual employees, the State contribution to the public employees retirement (PERA) fund, and the State share of federal Medicare.

C.R.S. 24-50-101 et seq.

Operating Expenses General non-employee costs of daily operations including ongoing and one-time expenses.

Promotion & Correspondence Costs associated with notifying owners of lost and forgotten assets held in trust by the State.

C.R.S. 38-13-111

Leased Space Payment to New Logan Tower LLC for office space at 1580 Logan (3,466 sq ft).

Contract Auditor Services Continuously appropriated moneys for payments to contract unclaimed property auditors.

C.R.S. 38-13-116.5

(3) Special PurposeLine Item Name Line Item Description Statutory Citation

Senior Citizen and Disabled Veteran Property Tax Constitutionally mandated payment of property taxes for qualified elderly citizens and disabled veterans.

C.R.S. 39-3-201

HUTF - County Payments Estimate of HUTF payments to counties provided for purposes of complying with Article X, Section 20 of the constitution.

C.R.S. 43-4-207

HUTF - Municipality Payments Estimate of HUTF payments to cities provided for purposes of complying with Article X, Section 20 of the constitution.

C.R.S. 43-4-208

Property Tax Reimbursement for Property Destroyed by Natural Cause

Estimate of payments to reimburse certain property taxes owed or paid for real property and business personal property that has been destroyed in a natural disaster or by another cause beyond the control of the property owner.

C.R.S. 39-1-123

Lease Purchase of Academic Facilities State’s share of the annual base rent payments due on the State of Colorado Higher Education Capital Construction Lease Purchase Financing Program Certificates of Participation.

C.R.S. 23-19.9-102

Public School Fund Investment Board Costs associated with services contracted by the Public School Fund Investment Board in order to securely invest money deposited in the public school fund for the intergenerational benefit of public schools.

C.R.S. 22-41-102.5


Long Bill Line Item Total Funds FTE General Fund Cash FundsReappropriated

Funds Federal Funds

W03A1 0 $2,221,828 0.0 $2,221,828 $0 $0 $0

$2,221,828 0.0 $2,221,828 $0 $0 $0

03. Special PurposesPropery Tax Reimbursement for Property Destroyed by Nature

FY 2014-15 Final AppropriationSpecial Bills Only

FY 2017-18 BUDGET REQUEST - TREASURY Schedule 6Special Bills Summary

Bill

FY 2014-15 Final Appropriation Special Bills

HB 14-1001 Tax Credit For Prop Destroyed By A Natural Cause


Long Bill Line Item Total Funds FTE General Fund Cash FundsReappropriated

Funds Federal Funds

W01A1 0 $12,304 0.0 ($46,076) $58,380 $0 $0

W0100130 $543 0.0 $543 $0 $0 $0

W0100140 ($4,579) 0.0 ($2,061) ($2,518) $0 $0

$8,268 0.0 ($47,594) $55,862 $0 $0

W01A1 0 ($28,917) 0.0 ($28,917) $0 $0 $0

($28,917) 0.0 ($28,917) $0 $0 $0

01. Administration

Personal Services

FY 2015-16 Final AppropriationSupplemental Bills Only

FY 2014-15 Final AppropriationSupplemental Bills Only

FY 2015-16 Final Appropriation Supplemental Bills

HB 16-1251 Suppl Approp Dept of Treasury01. Administration

Operating Expenses

Payments to OIT

COFRS Modernization

FY 2017-18 BUDGET REQUEST - TREASURY Schedule 7Supplemental Summary

Bill

FY 2014-15 Final Appropriation Supplemental Bills

SB 15-164 Suppl Approp Dept of Treasury


WWW

WWW

Long Bill Division, Subdivision, Paragraph

F 01. Administration

FY 2017-18 BUDGET REQUEST - TREASURYSchedule 8

Salary Survey Transfers

FY 2014-15

General Fund Cash FundsReappropriated

Funds Federal FundsLong Bill Division, Subdivision, Paragraph Long Bill Line Item Name Total Funds

$27,444 $0 $0 $0F 01. Administration Personal Services $27,444($27,444) ($23,378) $0 $001. Administration Salary Survey ($50,822)

$0 $002. Unclaimed Property Program Personal Services $23,378FY 2014-15 Total $0 $0 $0

$0 $23,378$0 $0

FY 2015-16Long Bill Division, Subdivision, Paragraph Long Bill Line Item Name Total Funds General Fund Cash Funds


$13,631 $0 $0 $0F 01. Administration Personal Services $13,631$0 $001. Administration Salary Survey ($21,842)

02. Unclaimed Property Program Personal Services $8,211($13,631) ($8,211)

$0 $0$0 $8,211 $0 $0

$0 $0Total FY 2015-16 Transfers $0

Federal Funds

$0 $0 $0 $0 $0

$33,997 $21,084 $0

FY 2017-18Sa Long Bill Line Item Name Total Funds General Fund Cash Funds

Fund Type Reappropriated

$0Total FY 2017-18 Request $55,081 $33,997 $21,084 $0 $0Y Salary Survey $55,081


WWW

WWW


Schedule 8FY 2017-18 BUDGET REQUEST - TREASURY

Merit Pay Transfers

FY 2014-15

General Fund Cash FundsReappropriated

Funds Federal FundsLong Bill Division, Subdivision, Paragraph Long Bill Line Item Name Total Funds

$14,040 $0 $0 $0F 01. Administration Personal Services $14,040($14,040) ($11,959) $0 $001. Administration Merit Pay ($25,999)

$0 $002. Unclaimed Property Program Personal Services $11,959FY 2014-15 Total $0 $0 $0

$0 $11,959$0 $0

FY 2015-16 Long Bill Division, Subdivision, Paragraph Long Bill Line Item Name Total Funds General Fund Cash Funds


$17,110 $0 $0 $0F 01. Administration Personal Services $17,11001. Administration Merit Pay ($28,354) ($17,110) ($11,244) $0 $002. Unclaimed Property Program Personal Services $11,244 $0 $11,244 $0 $0


Total FY 2015-16 Transfers $0 $0 $0 $0

$0 $0

$0

FY 2016-17 Long Bill Division, Subdivision, Paragraph Long Bill Line Item Name Total Funds General Fund Cash Funds

$0 $0$0


Fund Type Reappropriated Federal Funds

$0$0 $0 $0 $0


F



FY 2017-18 BUDGET REQUEST - TREASURYSchedule 8


$0 $0 $0 $0 $0

Long Bill Division, Subdivision, Paragraph Long Bill Line Item Name Total Funds General Fund Cash Funds



$0 $0 $0 $0

$109,140 $0

$0

FY 2016-17Long Bill Division, Subdivision, Paragraph Long Bill Line Item Name Total Funds General Fund

$0Cash Funds

$0 $001. Administration Health, Life, and Dental $256,548

Total FY 2016-17 Appropriation $256,548 $147,408 $109,140$147,408


$158,748 $140,117 $0


$0Total FY 2017-18 Request $298,865 $158,748 $140,117 $0 $0Y Health, Life, and Dental $298,865


F





$0 $0 $0 $0 $0




$0 $0 $0 $0

$36,361 $0

$0


$0Cash Funds

$0 $001. Administration Amortization Equalization Disbursement $93,898



$63,699 $38,728 $0


$0Total FY 2017-18 Request $102,427 $63,699 $38,728 $0 $0Y Amortization Equalization Disbursement $102,427


$0

Reappropriated Funds

$0

F





$0 $0 $0 $0

Long Bill Division, Subdivision, Paragraph Long Bill Line Item Name Total Funds General Fund Cash Funds Federal Funds


$0 $0 $0

$56,938 $35,982 $0

$0

FY 2016-17Long Bill Division, Subdivision, Paragraph Long Bill Line Item Name Total Funds General Fund Cash Funds

$0Total FY 2016-17 Appropriation $92,920 $56,938 $35,982 $0 $0

01. AdministrationSupplemental Amortization Equalization Disbursement $92,920


$63,699 $38,728 $0


$0Total FY 2017-18 Request $102,427 $63,699 $38,728 $0 $0Y

Supplemental Amortization Equalization Disbursement $102,427


F




$0 $0 $0 $0 $0




$0 $0 $0 $0

$1,412 $0

$0


$0Cash Funds

$0 $001. Administration Short-term Disability $3,646



$2,314 $1,406 $0


$0Total FY 2017-18 Request $3,720 $2,314 $1,406 $0 $0Y Short-term Disability $3,720



Department of Treasury Responses to Requests for Information

FY 2017-18 Budget Request

Market Value $7,409.0 MillionBook Value $7,360.1 Million

Portfolio Book Yield 1.0%Portfolio Average Maturity 17.8 Months

PortfolioA1 / P1 AAA AA A BBB BB B Other Percent

Asset Backed 100.0% 13.9%Corporates 4.4% 40.8% 50.1% 4.7% 22.4%Mortgage Securities 100.0% 0.1%Commercial Paper 100.0% 11.5%Treasuries 100.0% 16.0%Federal Agencies 100.0% 33.0%Certificates of Deposit 100.0% 0.0%Money Market Funds 100.0% 3.1% Total Portfolio 11.5% 14.9% 58.2% 11.2% 1.1% 3.1% 100.0%

Average Realized Book PerformancePortfolio Income Yield Benchmarks (2)

FY '16 YTD 7,972.4 77.0 1.0% 0.5% Last 12 months 7,972.4 77.0 1.0% 0.5%

FY '15 7,661.9 79.2 1.0% 0.2%FY '14 7,842.0 77.4 1.0% 0.1%FY '13 7,157.7 78.3 1.1% 0.2%FY '12 6,442.3 89.5 1.4% 0.2%

FY '11 5,718.6 113.0 2.0% 0.3% Avg FY '11-15 6,964.5 87.5 1.3% 0.2%

(1) 12 month moving average of the constant maturity yield on the 1 year Treasury note(2) 12 month moving average of the constant maturity yield on the 1 year Treasury note at end of period

Colorado Treasury Pool CombinedJune 30, 2016

$ Millions

Portfolio Quality

Portfolio Value

Yield and Average Maturity

Portfolio Mix

MM $230.03.1%

MBS $4.90.1%

ABS $1022.113.9%

Agcy $2426.833.0%

Corp $1648.622.4%

Treas $1180.616.0%

CD's $0.50.0%

CP $846.611.5%

$ Millions

Monthly Yield vs Benchmark (1)

0.0

1.0

2.0

3.0

4.0

5.0

Sep-

14

De c

-14

Ma r

-15

Jun -

15

Sep-

15

De c

-15

Ma r

-16

Jun -

16

Perc

enta

ges

Benchmark Portfolio

Average Maturity

0.0

5.0

10.0

15.0

20.0

25.0

30.0

Sep-

14

De c

-14

Ma r

-15

Jun -

15

Sep-

15

De c

-15

Ma r

-16

Jun -

16

Mon

ths

Book Value vs Market Value

6,500

6,750

7,000

7,250

7,500

7,750

8,000

8,250

8,500

8,750

9,000

Sep-

14

De c

-14

Ma r

-15

Jun -

15

Sep-

15

De c

-15

Ma r

-16

Jun -

16

$ M

illio

ns

Market Book


Portfolio Book Yield 0.23%Portfolio Average Maturity 29 Days

PortfolioA1 / P1 AA Other Percent

Commercial Paper 100.0% 31.2%Federal Agencies 100.0% 60.3%Corporates 0.0%Certificates of Deposit 100.0% 0.0%Money Market Funds 100.0% 8.5% Total Portfolio 31.2% 60.3% 8.5% 100.0%



FY '15 2,467.4 1.8 0.07% 0.01%FY '14 2,970.8 2.0 0.07% 0.03%FY '13 3,223.2 3.5 0.11% 0.05%FY '12 3,135.5 2.6 0.08% 0.03%

FY '11 2,355.2 3.2 0.14% 0.10% Avg FY '11-'15 2,830.4 2.6 0.09% 0.04%

(1) 12 month moving average of the 30 day Treasury bill(2) 12 month moving average of the 30 day Treasury bill at end of period

Colorado Treasury Cash (0 - 1 year maturities)

June 30, 2016

$ Millions

Portfolio Value


Portfolio Quality

0.0

1.0

2.0

3.0

4.0

5.0

Sep-

14

De c

-14

Ma r

-15

Jun -

15

Sep-

15

De c

-15

Ma r

-16

Jun -

16

Perc

enta

ges

Benchmark Portfolio

Monthly Yield vs Benchmark (1) Average Maturity

0.0

20.0

40.0

60.0

80.0

100.0

120.0

Sep-

14

De c

-14

Ma r

-15

Jun -

15

Sep-

15

De c

-15

Ma r

-16

Jun -

16

Day

s


1600

1850

2100

2350

2600

2850

3100

3350

3600

3850

4100

Sep -1

4

Dec -1

4

Mar -1

5

Jun -

15

Sep -1

5

Dec -1

5

Mar -1

6

Jun -

16

$ M

illio

ns

Market Book

Portfolio Mix

MM $230.08.5%

CD's $0.50.0%

CP $846.631.2%

Agcy $1639.560.3%

$ Millions


Portfolio Book Yield 1.5%Portfolio Average Maturity 27.4 Months

PortfolioAAA AA A BBB BB B Other Percent

Asset Backed 100.0% 22.0%Corporates 4.4% 40.8% 50.1% 4.7% 35.5%Mortgage Securities 100.0% 0.1%Treasuries 100.0% 25.4%Federal Agencies 100.0% 17.0% Total Portfolio 23.6% 57.0% 17.8% 1.6% 100.0%



FY '15 5,194.5 77.4 1.5% 0.6%FY '14 4,871.2 75.4 1.6% 0.4%FY '13 3,934.5 74.8 1.9% 0.3%FY '12 3,306.8 86.9 2.6% 0.3%

FY '11 3,363.5 109.8 3.3% 0.6% Avg FY '11-'15 4,134.1 84.8 2.2% 0.4%

(1) 12 month moving average of the constant maturity yield on the 2 year Treasury note(2) 12 month moving average of the constant maturity yield on the 2 year Treasury note at end of period

Colorado Treasury Pool

June 30, 2016

$ Millions

(1 - 5 year maturities)


Portfolio Value

Portfolio Quality

Portfolio MixTreas $1180.6

25.4%

MBS $4.90.1%

ABS $1022.122.0%

Corp $1648.635.5%

Agcy $787.317.0%$ Millions

0.0

1.0

2.0

3.0

4.0

5.0

Sep-

14

De c

-14

Ma r

-15

Jun -

15

Sep-

15

De c

-15

Ma r

-16

Jun -

16

Perc

enta

ges

Benchmark Portfolio

Monthly Yield vs Benchmark (1) Average Maturity

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

40.0

Sep-

14

De c

-14

Ma r

-15

Jun -

15

Sep-

15

De c

-15

Ma r

-16

Jun -

16

Mon

ths


3700

3900

4100

4300

4500

4700

4900

5100

5300

5500

Sep-

14

De c

-14

Ma r

-15

Jun -

15

Sep-

15

De c

-15

Ma r

-16

Jun -

16

$ M

illio

ns

Market Book

Market Value $23.5 MillionBook Value $22.1 Million

Portfolio Book Yield 2.3%Portfolio Effective Duration (1) 1.1 Yrs

PortfolioAAA AA A BBB BB Percent

Asset Backed 0.0%Corporates 17.9% 44.6% 28.6% 8.9% 50.7%Federal Agencies 0.0%Mortgage Securities 100.0% 19.4%Treasuries 100.0% 29.9%

Total Portfolio 9.1% 71.9% 14.5% 4.5% 100.0%

$ MillionsAverage Realized Book PerformancePortfolio Income Yield Benchmarks (3)

FY '16 YTD 84.3 2.0 2.3% 1.8% Last 12 months 84.3 2.0 2.3% 1.8%

FY '15 87.7 2.5 4 2.9% 2.0%FY '14 90.7 3.1 3.4% 2.2%FY '13 89.7 3.9 4.3% 1.2%FY '12 99.4 4.7 4.7% 1.5%

FY '11 120.5 5.5 4.5% 2.4% Avg FY '11-'15 97.6 3.9 4.0% 1.9%

(1) Does not include State Treasury Pool balances in calculation.(2) 12 month moving average of the constant maturity yield on the 7 year Treasury note(3) 12 month moving average of the constant maturity yield on the 7 year Treasury note at end of period(4) Excludes $0.1 million in gain on an investment call in March 2015.

Yield and Effective Duration

Portfolio Value (1)

Portfolio Quality (1)

Colorado Major Medical Insurance FundJune 30, 2016

Portfolio MixMBS $4.3

19.4%

Treas $6.629.9%

Corp $11.250.7%

$ Millions

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Market Book

Monthly Yield vs Benchmark (2)

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Portfolio Benchmark

Effective Duration (1)

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Year

s


Portfolio Book Yield 2.6%Portfolio Average Maturity 4.5 Yrs


Asset Backed 100.0% 25.6%Corporates 13.7% 71.5% 10.5% 4.3% 15.8%Mortgage Securities 100.0% 14.7%Treasuries 100.0% 6.6%Federal Agencies 100.0% 14.7%Muni GOs 100.0% 0.3%T-Pool Combined 11.5% 14.9% 58.2% 11.2% 1.1% 0.0% 0.0% 3.1% 22.3% Total Portfolio 2.6% 31.1% 60.6% 4.1% 0.9% 0.7% 100.0%



FY '15 739.8 22.1 3.0% 1.6%FY '14 668.8 21.6 3.2% 1.6%FY '13 622.2 22.4 3.6% 0.8%FY '12 582.2 24.1 4.1% 1.0%

FY '11 580.7 27.0 4.6% 1.8% Avg FY '11-'15 638.8 23.4 3.7% 1.3%

(1) Does not include State Treasury Pool balances in calculation.(2) Latest 12 month moving average of the constant maturity yield on the 5 year Treasury note(3) Latest 12 month moving average of the constant maturity yield on the 5 year Treasury note at end of period

Colorado Public School Permanent FundJune 30, 2016

$ Millions


Portfolio Value

Portfolio Quality

Portfolio Mix

ABS $224.525.6%

T-Pool $194.922.3%

Muni GO $3.00.3%

MBS $128.414.7%

Agcy $129.214.7%

Treas $57.66.6%

Corp $138.115.8%

$ Millions


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Market Book

Monthly Yield (1) vs Benchmark (2)

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Portfolio Benchmark

Average Maturity

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16

Year

s


Portfolio Book Yield 2.7%Portfolio Average Maturity 4.7 Yrs


Asset Backed 100.0% 11.0%Corporates 3.3% 36.4% 45.4% 14.9% 32.6%Federal Agencies 100.0% 8.9%Mortgage Securities 100.0% 10.9%Treasuries 100.0% 7.6%T-Pool Combined 11.5% 14.9% 58.2% 11.2% 1.1% 0.0% 0.0% 3.1% 29.0% Total Portfolio 3.3% 16.4% 56.2% 18.0% 5.2% 0.9% 100.0%

$ MillionsAverage Realized Book PerformancePortfolio Income Yield Benchmarks (3)


FY '15 153.7 4.6 3.0% 2.0%FY '14 136.9 4.3 3.1% 2.2%FY '13 122.9 4.1 3.3% 1.2%FY '12 114.3 3.8 3.3% 1.5%

FY '11 104.7 3.5 3.4% 2.4% Avg FY '11-'15 126.5 4.0 3.2% 1.9%

(1) Does not include State Treasury Pool balances in calculation.(2) 12 month moving average of the constant maturity yield on the 7 year Treasury note(3) 12 month moving average of the constant maturity yield on the 7 year Treasury note at end of period

Portfolio Quality

Unclaimed Property Tourism Fund


Portfolio Value

June 30, 2016

Portfolio MixAgcy $16.5

8.9%Corp $60.432.6%

Treas $14.07.6%

MBS $20.210.9%

ABS $20.311.0%

T-pool $53.829.0%

$ Millions


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$ M

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Market Book

Monthly Yield (1) vs Benchmark (2)

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Portfolio Benchmark

Average Maturity

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The implementation of the new KAPS information system for the Unclaimed Property program has been delayed somewhat due to extended contract negotiations which has subsequently pushed back the implementation of the system. The current timeline for implementation is to have the KAPS system up and running beginning April 1, 2017. The FY 2015-16 figures below were collected from our existing Unclaimed Property information system. Once the KAPS system is in place it will enable us to assess the efficiencies of the new system; and the Treasurer’s goal is to provide the JBC with annual comparisons once enough data has been collected from the KAPS system.

Claim Type

Average # of Claims Processed

Average # of Contacts per Claim

Average Time per Contact

(minutes)

Total Value of Claims

A 4,658 1 7 $316,761B 7,453 2.5 7 $3,555,176C 5,590 3 8 $9,083,588D 932 5 10 $15,394,585

Documents

COLORADO STATE TREASURY BUDGET REQUEST FISCAL YEAR … · 2016-11-01 · COLORADO STATE TREASURY FY 2017-18 Budget Request ... Bob Culwell Administrative Assistant II Ann McKee Garth